Crypto miners in India install rooftop solar units to cut power costs

08 Sep 2021 CW Team

Most of the crypto miners in India are setting up solar rooftop power units and battery backup in their residential facilities to cut expensive power costs.

There are also more enterprising ones who are evaluating cold countries nearby to establish system infrastructure to protect against heat problems and subsequent operating prices. India's mining cryptocurrency has just got smarter.

It is a virtual currency that uses blockchain technology for its existence and secure transactions online. The famous cryptocurrencies are ethereum, bitcoin, lightcoin, and darkcoin, and many more.

Crypto-mining is earning cryptocurrency through solving cryptographic equations utilising high-end computers. The extremely secured problem-solving process consists of verifying data blocks, and these transaction records are joined to a public ledger using blockchain technology. Solving complex mathematical problems in a decentralised environment online guarantees cryptocurrency to users.

Hyderabad-based Ajay K, who was an active stock market trader once, has been in the business of crypto-mining for the past several years. He set up a solar rooftop unit of 5 Kilovolt-amp (kVA) with battery backup a year ago to cut costs on power.

The hardware infrastructure absorbs high power, and it’s the major cost and great difficulty in crypto-mining. On average, the power consumption for crypto-mining could be to the tune of Rs 30,000 to Rs 50,000 per month. While a basic cryptocurrency mining system starts at Rs 50,000, the professional one with a high-end motherboard and eight graphic cards costs about Rs 4,00,000.

Now, the import time for customised motherboards and graphic cards from China and Singapore has been decreased to seven days. The customs clearances are processed immediately. Earlier, the import used to take about a month, said Bhimavaram-based Krishnam Raju who caters to Andhra Pradesh, Telangana, and Tamil Nadu markets.

Image Source

Also read: Maha govt to provide subsidy to residential users for rooftop solar

Most of the crypto miners in India are setting up solar rooftop power units and battery backup in their residential facilities to cut expensive power costs.There are also more enterprising ones who are evaluating cold countries nearby to establish system infrastructure to protect against heat problems and subsequent operating prices. India's mining cryptocurrency has just got smarter. It is a virtual currency that uses blockchain technology for its existence and secure transactions online. The famous cryptocurrencies are ethereum, bitcoin, lightcoin, and darkcoin, and many more. Crypto-mining is earning cryptocurrency through solving cryptographic equations utilising high-end computers. The extremely secured problem-solving process consists of verifying data blocks, and these transaction records are joined to a public ledger using blockchain technology. Solving complex mathematical problems in a decentralised environment online guarantees cryptocurrency to users. Hyderabad-based Ajay K, who was an active stock market trader once, has been in the business of crypto-mining for the past several years. He set up a solar rooftop unit of 5 Kilovolt-amp (kVA) with battery backup a year ago to cut costs on power. The hardware infrastructure absorbs high power, and it’s the major cost and great difficulty in crypto-mining. On average, the power consumption for crypto-mining could be to the tune of Rs 30,000 to Rs 50,000 per month. While a basic cryptocurrency mining system starts at Rs 50,000, the professional one with a high-end motherboard and eight graphic cards costs about Rs 4,00,000. Now, the import time for customised motherboards and graphic cards from China and Singapore has been decreased to seven days. The customs clearances are processed immediately. Earlier, the import used to take about a month, said Bhimavaram-based Krishnam Raju who caters to Andhra Pradesh, Telangana, and Tamil Nadu markets. Image Source Also read: Maha govt to provide subsidy to residential users for rooftop solar

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Infrastructure Energy

14 Oct 2025

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Infrastructure Energy

14 Oct 2025

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..