2️⃣CASE STUDY 2

Are solar panels actually worth it? Let us take a look

1. Miner Specifications and Energy Consumption

The Iceriver AL3 miner is designed for high-performance cryptocurrency mining, specifically optimized for algorithms like Blake3. Here are the key specifications relevant to energy consumption:

• Hash Rate: 15 TH/s

• Power Consumption: 3,500 watts=3.5kWh

• Monthly Consumption: 3.5*24*30=2,520 kWh

• One Iceriver AL3 miner consumes 2,520 kWh of energy per month when running continuously.

2. Solar Panel System: Power Generation

A typical 10 kW solar panel system generates energy based on sunlight availability. Dubai, with its sunny climate, averages around 12 hours of sunlight per day. Here’s the energy output for such a system:

Monthly Energy Production: 120 kWh/day *30=3,600 kWh/month

A 10 kW solar panel in Dubai can produce 3,600 kWh per month, which exceeds the monthly consumption of one Iceriver AL3 miner (2,520 kWh).

1. Number of Solar Panels Required

For a 20 mine setup, the number of 10 kW solar panels needed can be calculated as follows:

By installing solar panels, this annual electricity cost could be reduced to nearly zero, making the solar installation highly cost-effective over the long term.