Six steps to make greening your home crypto mining operation is easier than ever.
All it takes is six easy steps, and you can easily green your crypto mining operation these days. Tesla recently announced they would stop accepting Bitcoin payments. In one tweet, Elon Musk cost investors millions of dollars. Musk tweeted a heartbroken emoji and the hashtag #Bitcoin. This was a reference to recent news regarding the high energy costs of running a non-green crypto mining operation.
Cryptocurrency mining operations currently consume the same amount of electricity as Argentina and other smaller countries. It faces increased scrutiny from government regulators and private sector investors alike as the climate crisis takes center stage.
Green crypto mining is now facing a practical question.
“How do I maintain the value of my investment while also greening my mining operations?”
Crypto mining, therefore, needs to take reasonable steps towards accelerating the mass adoption of renewable energy. Ditch the expensive, ecologically destructive energy sources such as coal and oil. It’s not a good look.
Investors can make a good deal of money from the coming mass adoption of renewable energy. The importance of this moment is something that early adopters of a green crypto mining operation can envision and understand.
The price of solar panels has dropped over 80% in the last decade. Going solar is more affordable than natural gas, coal, or even wind energy. Solar provides—in the most advanced economies—the most affordable energy solutions.
In the immediate future, becoming an early adopter of renewables could pay off big time. Especially for crypto investors worried about looming market regulations.
First, Green Your Crypto Mining Operations By Installing Rooftop Solar
It’s easier than ever to get in contact with an expert. We can guide you through the process of buying rooftop solar to protect your investment.
With no upfront costs and zero down payment options, you can redirect the money you’re already spending. Put your money to work for you. Solar is an affordable and intelligent business investment that can lower your crypto mining costs. Rooftop solar adds value to your home and helps you build wealth.
Within 20 years, most people will be looking at tens of thousands of dollars worth of savings. Installing rooftop solar is a great way to green your crypto mining operation.
Second, Sign Up For Community Solar Green Your Crypto Mining Operation
Enrolling in a community solar farm is another move you can make to green your cryptocurrency mining operation. This works particularly well if you do not have a good roof for solar or if you’re a renter. Community solar is designed to make solar power easily affordable.
Community solar makes renewable energy accessible to as many people as possible, as quickly as possible, for as little money as possible.
The details for community solar tend to vary state by state. Still, some people can receive a 10% clean energy credit applied to their bills.
Others can receive as much as 30% in the form of a guaranteed, state-funded energy credit. There is no cost to enroll in community solar. This makes community solar farm enrollment an easily affordable solar solution. There is also no cost to cancel as long as you give 90 days’ notice, and the entire program incentivizes the rapid mass adoption of renewable energy technology.
This technology will make solar widely scalable and is essential to meeting and beating our climate goals.
Third, Consider Investing in or Mining Green Alt Coins like SunCoin, Solarcoin, or Bit green
Even though Bitcoin reigns as king of the cryptos, other altcoins are rising. They are well-positioned to completely disrupt the markets, benefiting from the increased scrutiny.
Some examples of these coins include Suncoin, Solarcoin, and Bitgreen. However, there are sure to be others worth mentioning as well.
As the international community continues to divest from state-backed fiat currencies, don’t discount the hidden potential of these lesser-known altcoins.
Nothing is certain, and this is all speculative by its very nature. Still, over long periods, we could witness increased interest in ecologically friendlier coins and have high market caps. Investing your dividends in ecologically friendly altcoins is a great way to offset risk by diversifying your assets.
Fourth, Invest Money Into Solar Energy and Green Start-Ups
Electric vehicles and altcoins aren’t the only industries and entities well positioned to benefit from renewable energy market disruption. There’s also the commercial drone industry, with an estimated market share size of over $500B by 2028, according to Businesswire.
Drones are critically necessary for building inspections. They also help with agricultural monitoring, insurance claim adjusting, and analyzing solar panels from the air. This allows electrical engineers to detect problems before they occur.
Many drones will be using AI and machine learning technology to revolutionize the aerial inspection industry. Let’s not even touch how awesome new transportation drone companies such as Ehang are. We’ll run out of space for the rest of our article.
Beyond Meat and other food production startups are sleeping giants worth keeping a close eye on as well. The COVID-19 pandemic has shown us how vulnerable the meatpacking industry is to supply chain disruption.
While we are on the subject of regulation in crypto markets, the agricultural sector is likely not very far behind. Take advantage of this while you can by investing in green startups. Sustainability is a trend that isn’t going away any time soon. The earlier you invest in these new technologies, the more money you could potentially earn.
Fifth, Invest In Renewable Energy Technology With Your Traditional Retirement Fund
Don’t forget that you can diversify retirement funds into the aforementioned green startups as well. Suppose you have a retirement plan that crashed in 2020 when COVID-19 hit. In that case, a great way to bounce back is by divesting into alternative green and renewable energy technologies. Consider booking an appointment with your financial advisor to discuss the options that work for you.
Sixth, Find A Local Climate Change Organization To Support
Climate activists get a bad rap in the news, but without their hard work, we wouldn’t have clean drinking water. While not an investment exactly, there are people putting themselves in harm’s way to protect our planet. Get involved with local grassroots organizations such as the Maryland Sierra Club, and Rising Tide.
In addition to investing money, consider investing time as well. You might make some friends, you might make some business connections. Most importantly, you’ll make a lasting impact on our climate.
Consider researching local organizing efforts, or donate to the Line Three protest camp. These brave folks are ultimately protecting our shared water supply. They lay it all on the line, asserting indigenous rights, and keeping oil in the ground where it belongs.
In the end, we can’t enjoy the benefits of crypto currencies without clean water. Phytoplankton in the ocean produce between 50-80% of the oxygen in our atmosphere. Protecting your investment means protecting our planet. All the money in the world is worthless if we can’t breathe the air and drink the water.
Investing in green technologies just makes sense. As Maxed Out Solar pointed out as early as February, society will quickly move to regulate crypto. We can’t continue to rely on fossil fuels in a rapidly warming world. Running your rig on brown power means it’ll end up on a sludge heap with the rest of the polluters.
Let’s get ahead of the regulation together and make green by going green!