Mining Bitcoin with Excess Energy - with Lars Eichhorst and Matthias Reder

21bitcoin
21bitcoin
2.10.24
2
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Podcast microphone with Lars Eichhorst and Matthias Reder

In an exciting Twitter space, Lars and Matthias, the founders of Ueberschussenergie.de, discussed the possibilities of using excess energy for bitcoin mining. In this article, we highlight their ideas, their personal experiences with bitcoin, and the potential that mining can offer to our energy problems.

Bitcoin Mining as a Solution for Excess Energy

Lars and Matthias recently founded Ueberschussenergie.de. Their company provides information on how surplus energy - especially from photovoltaics - can be used to profit from bitcoin mining. The idea behind their project is to make good use of unused energy instead of wasting it or selling it cheaply to the grid. On their website, you can find out with just a few clicks whether and how many mining machines you can operate to profitably convert excess energy into bitcoin.

The Vision of Ueberschussenergie.de

With Ueberschussenergie.de, Lars and Matthias have created a platform that allows anyone to quickly and easily find out whether mining bitcoin with surplus energy is worthwhile. The approach is particularly practical: users enter the size of their photovoltaic system and their own consumption, and the computer immediately shows how many mining machines could sensibly be operated. Lars and Matthias also take into account that not every system is optimally maintained and calculate conservatively.

The Future of Bitcoin Mining: Opportunities and Risks

Bitcoin mining offers many opportunities, especially in countries and regions that benefit from an energy surplus. Lars and Matthias see a big future in it, especially when it comes to using the waste heat from mining machines to generate heat. However, they also warn against entering the mining business unprepared. Those who start without professional help and do not pay attention to the development of mining difficulties could be disappointed.