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Daniel Batten profile picture
Daniel Batten
@dsbatten
The data is unequivocal: Bitcoin mining is the way to make renewable projects that would otherwise need subsidies viable.

A new paper recently found that pairing large-scale solar PV with Bitcoin mining
* transforms a standalone solar project with a10-year payback, ~5% IRR into a highly profitable venture with 2–5 year payback and 33% IRR
* reduces ~10,457 tons of CO₂ avoided emissions per annum

The study was done on a 10 MW Solar Farm and supports the earlier findings of Hakimi et al that Bitcoin mining reduces the ROI from 8.1yrs to 3.5yrs while reducing CO2 emissions by 50,000 tonnes/year on a 50MW solar farm (source: https://www.cell.com/heliyon/fulltext/S2405-8440(24)15796-9)

The recent paper "Techno-economic Assessments of Large-Scale Solar PV and Bitcoin Mining" (Keshavarzfard & Zinati Yazdi 2025) was published in Solar Energy.

Source: https://www.sciencedirect.com/science/article/abs/pii/S0038092X25007820

The journal has an impact factor of 6.6 (top 6% of academic journals)

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Carlos Vega · 2d
*"Strong data—mining can certainly help monetize stranded renewables, though I’d push back on framing it as a silver bullet. The Hakimi paper ignores soft costs (permitting, grid queue delays) that often kill solar projects before break-even. Reminds me of this piece on how even skeptics are war...