Considerations When Buying a Vacation Rental with Solar Panels

It’s possible that one of the properties you’re considering for purchase as a vacation rental will have solar panels already installed. This can be a positive marketing point for your property in today’s increasingly environmentally conscious world.

Installed correctly, solar panels can be aesthetically pleasing. Their presence is also one of the first things people will notice about a property. So, when you get to the stage of when you’re ready to start the financing process of investing in a particular vacation rental property with solar panels, here are a couple of things you’ll need to consider as a part of your vetting process.

vacation rental with solar system

How Were They Financed?

Your first consideration will be how the panels were financed. The easiest scenario is when the owner of the property financed the panels themselves. Solar panels can add a lot of value to the property. Although the value of the panels decreases with the age of the installation, newly installed panels can add up to nearly $30,000 of value to a home.

If possible, see if you can get an idea of what the previous owner’s utilities ran prior to installation of the panels, and after. This will give you concrete information about how much the panels are saving on the electric bills.

What is the Size of the System?

You’ll also want to have an inspector give you an idea of the size of the solar system. If the previous tenants worked from home and had several family members, the installation is probably more than adequate for a vacation rental property. A smaller system for one or two people might need enhancements. Lower utility bills will allow you to charge less for your property.

What if the Panels were Leased?

Sometimes the property owner doesn’t have the money upfront to pay for the panels, so they finance them by leasing. This situation is not necessarily something that should cause you to automatically pass on the property. It’s important to find out the age of the lease. It’s possible the finance period is almost over. In this case, the cost of taking over the lease will be minimal.

There are a couple of points open for negotiation here. You can work with the finance company to see if you can reduce the amount remaining on the lease. Or you could have the remaining amount on the lease included in the selling price. The cost of solar panels is expected to go down by as much as a third by 2024, so the amounts under consideration can be expected to be less as time goes on.

Have the Panels Inspected

As in any potential property purchase, having the panels inspected prior to signing on the dotted line is mandatory. You’ll want to get an overhead inspection of the panels, which can be done by drone. Make sure the drone has a thermal camera to check for an initial check for defects.

You’ll want to perform the solar panel inspection on a sunny day. This way any defects, such as hot spots, will be more easily detected. The optimum time for such inspections is in the morning or late afternoon, to reduce glare off of the panels. If the sun is directly overhead, you may get too much glare off them and the inspection won’t be able to show you anything.

If possible, do a second drone inspection with an RGB (visible light)  camera. This inspection will turn up the presence of debris on the panels. This is not necessarily a bad thing. It can simply mean that the panels are due for a cleaning, something that hopefully has been a part of the regular maintenance of the panels.

Is There Enough Sunlight?

Another aspect of existing solar panels to consider is whether there is adequate sunlight to support them. If the panels were installed in an area shaded by trees, you not only may not be getting the full benefits of them but may have more cleaning costs associated with them.

If they are shaded because of geographical features on the property, you also may not get the full benefit of the panels.

Previously installed solar panels are not necessarily a negative when considering investing in that property as a vacation rental. They can be a great marketing point for your property as well as aesthetically pleasing. Just be sure to look into how they were financed, and get them inspected for general condition. This will ensure the panels are in good working order prior to you taking over the property.

How Much Energy Do Bitcoin and Other Cryptocurrencies Consume?

With its value skyrocketing in recent years, Bitcoin is a hot topic right now. But the value of a Bitcoin is not the only thing that is growing. In fact, Cambridge University research suggests that Bitcoin uses more electricity on a yearly basis than entire countries. Mining for cryptocurrency uses a lot of power, and requires heavy computer calculations to verify cryptocurrency transactions. According to the researchers, this consumes over 120 terawatt-hours (TWh) annually, and this power use is unlikely to fall unless the value of Bitcoin drops.

Is Bitcoin Bad for the Environment?

Many believe that cryptocurrency is the currency of the future, but is it bad for the environment? Will Bitcoin and other cryptocurrencies undo the hard work that has been put in around the world so far to improve the condition and health of the planet? According to some critics, Tesla’s decision to make heavy investments in Bitcoin undermines the environmental image displayed by the electric car company.

cryptocurrency-energy-consumption

The rising price of Bitcoin offers even more incentive to miners to run even more machines and consume more power. As the value of Bitcoin increases, so does the energy consumption that is used to mine it, according to researchers at the Cambridge Centre for Alternative Finance.

Exactly How Much Energy Does Bitcoin Consume?

How much energy is consumed due to the increasing popularity of cryptocurrency trading? According to the online tool developed by the Cambridge researchers, Bitcoin’s electricity consumption is currently ranked above several countries including Argentina, the Netherlands, and the United Arab Emirates. It’s using a very similar amount of energy to the amount that Norway uses on a yearly basis.

In the UK, the energy that Bitcoin uses could be used to power all the electric kettles in the country for almost three decades. However, in comparison, the amount of electricity that is consumed on a yearly basis by devices that are left switched on but inactive in homes around the US could power the entire Bitcoin network for a full year.

How is Bitcoin Mined?

Mining Bitcoin requires often specialized computers which are connected to the cryptocurrency network. They are used to verify transactions by people who sell or purchase Bitcoin. As part of the process, Bitcoin miners are required to solve puzzles that are not integral to providing verification, but ensure that there is a hurdle to cross to ensure that the global record of all Bitcoin transactions is not edited fraudulently. As a reward for completing these, Bitcoin miners will occasionally receive small amounts of Bitcoin.

crytpocurrency-mining

Higher prices have increased the value of these rewards, and fueled wider interest in buying and selling crypto via increasingly diverse methods beyond using exchanges. At the same time, some miners have expanded their networks to consist of multiple computers. Some will even set up entire warehouses of computers that are there for mining Bitcoin alone. Since the computers are working to solve the puzzles on a constant basis, this uses a huge amount of electricity.

While Bitcoin is becoming more and more popular as an alternative currency and investment option around the world, how efficient is it really?

6 Simple Ways to Earn More Bitcoins

Buying the Bitcoin may not be a viable option for many investors. In such a situation, there are some alternatives to earning the Bitcoin besides buying it. And the good news is that for most of these alternative means, you actually have to do practically nothing to start earning the crypto coins. Below is a list of the simple ways one can earn the Bitcoin:

  1. To begin with, you can start earning the Bitcoin when you have an account in a cryptocurrency exchange. The best crypto exchanges where you can buy BTC are KuCoin, Binance, and CoinMama etc. This is almost similar to people keeping their funds in bank accounts and getting interests on deposits. Here, you can simply lend out your Bitcoins in exchange for other crypto coins or get Bitcoins in exchange of traditional fiat currencies like the USD or GBP. When you can transfer Bitcoins to a financial service provider, it is possible to earn interest over time.
  2. You can enjoy cashback in BTC when you shop for something online. For instance, eBay offers buyers a cash-back offer for purchasing from hundreds of sites; they have tie-ups with almost all big retailers. When you install the Chrome Extension and make an account, eBay notifies you when there are discounts on any retailer website. All you have to do is click on this to get your discounts and after each quarter eBay gives you a check. Another popular site offering similar advantages if Lolli which will give you cash back in Bitcoin when you buy from websites like Macy’s or Sephora.
  3. You can accept payments in Bitcoin for services you render. There are many people who are now accepting Bitcoin as salaries for their work. For freelancers like musicians, artists, and writer, this can be a viable option. Examples are Bit wage, Angel’s List, Jobs4Bitcoin, Crypto Jobs, and Crypto Grind etc.
  4. You could also earn Bitcoin through mining. You will need specialized computers capable of solving complex mathematical puzzles to earn rewards. For operating a mining rig on your own, you are going to need dedicated mining hardware, mining software, a wallet etc. Solo mining will not yield profits as desired, and joining a mining pool may give you higher payouts.
  5. Earning Bitcoin is possible through trading and this is by far the simplest way to earn more Bitcoins. You will find multiple trading strategies to trade Bitcoins and traders typically have their own preferred methods for trading. One way is using automated bitcoin trading software applications. The most commonly used method is leverage trading where traders borrow money for bolstering trading, and these are called crypto loans.
  6. You can also earn more Bitcoins with affiliate marketing; this is the most popular method for news websites, bloggers and social media influencers to make more money. For this companies will give you promotional codes and unique URLs that you must send out to your respective audiences. If anyone clicks on these links and thereafter makes a buy, you get a reward.

Can You Earn Bitcoins Without Mining Or Investing?

Cryptocurrencies may have become the buzzword today but they are still far being adopted by the mainstream. While most people may have heard of the Bitcoin, very few know how actually to earn and use it. The easiest way you can be involved in the cryptocurrency world is by researching on the crypto coins.

The best way to earn Bitcoins may be by buying them on a cryptocurrency exchange in exchange of fiat currencies or other crypto coins. The alternative is to earn Bitcoins through mining. In this, you will need specialized computers capable of solving complex cryptographic puzzles. On solving these, you can get rewards in the form of new Bitcoins. So, the question remains, is there any other way to get Bitcoins apart from investing and mining?

How you can earn Bitcoins without mining or investing?

  1. Crowd holding is a platform aimed at creating a large community of Bitcoin holders through crowd sourcing. In this, startups provide tasks on this platform so that users can offer their feedback to earn tokens as rewards.
  2. You can use your own business to earn Bitcoins by simply stating that you are prepared to accept Bitcoins as payment.
  3. You may earn more Bitcoins by doing certain tasks allotted to you by specific websites. In most cases, you simply have to visit these sites and view their advertisements. This hardly takes up much time or effort, and the sites will pay you in Bitcoins in exchange.
  4. If you own Bitcoins already you can earn more through interest payments. So, you basically lend the Bitcoins to others and you charge an interest on such loans. You may either lend Bitcoins to someone you know directly, or go through any of the trusted P2P platforms.
  5. You can even get tipped in Bitcoins, strange as it may sound. You can start a blog for instance and get rewarded in Bitcoins.
  6. Trading your Bitcoins is definitely one of the best ways to invest and earn more Bitcoins. You can create an account using a reliable CFD provider and then deposit a small amount to begin trading. You can also use automated bitcoin trading applications like bitcoin era to improve the quality of trading.
  7. You could also start working for companies that are willing to pay their workers in Bitcoins. So, you could get a job as a freelancer, like a writer or an artist, and start earning Bitcoins as payment for services rendered.
  8. Bounty campaigns are incentive-driven rewards that are provided by startups to people. So, when a startup launches a new service or product, it may offer rewards to individuals willing to do certain tasks for them. The participants will get paid in crypto coins for their services. Whether it is writing in social media website, sharing links, or conducting signature campaigns, they will get paid by the businesses. Users can therefore do micro tasking and earn Bitcoins.
  9. Finally, you can start blogging to earn more Bitcoins. Bloggers aim at making money by creating an audience for their write-ups and businesses are keen to market their products to that audience. They will use ads and referral links to reach out to this target audience; there are blogging platforms these days that pay you in crypto for creating content.

Stellar Lumens Explained

The cryptocurrency industry has been enjoying a rather strong start to 2021. Many cryptocurrencies have been getting a lot of attention not only as investment options but for their many uses as well. More people are becoming interested and involved in this field, which is only helping these crypto assets and platforms grow.

One coin in particular that has people excited is Stellar and its built-in token, Lumens. Stellar Lumens (XLM) is currently within the top 10 cryptocurrencies in terms of market cap. It is aimed at being a borderless open network for storing and sending money.

xlm

This article is going to look a little closer at Stellar Lumens, as well as go over its history and future outlook. So read on to learn a little bit more about what makes it one of the most exciting networks and platforms in the industry.

What are Stellar and Lumens?

As mentioned, Stellar was created as a network for people and financial institutions all over the world with the purpose of sending money easily, quickly, and affordably. It allows you to send a variety of different currencies, both fiat and crypto, in a way that is more reliable than traditional methods.

The benefits of Stellar include cryptocurrency transactions that take seconds, low transaction costs when compared to wire transfers, and the fact that it is incredibly easy to access and exchange different currencies. Stellar is also secure as the network has never experienced a hack, despite being in an industry that is so frequently targeted.

The network runs on decentralized servers and relies on their built-in token called Lumens to operate. They can easily be purchased on many exchanges. If you wish to convert other crypto you own to Lumens, you can use specialized services, like this eth to xlm converter by Godex. You can exchange numerous coins including Stellar Lumen, Bitcoin, Ethereum, Litecoin, Monero, and many others.

Lumens not only assist with multi-currency transactions but also act as a spam deterrent. Stellar requires that every account hold some Lumens at all times. It is done to prevent the ledger from being overrun with spam or making it too easy to use the ledger. The amount required is minuscule, just enough to deter large amounts of spam. In addition to this, Lumens are also used to pay transaction fees.

The History of Stellar Lumens

Stellar began in 2014 and was co-founded by Jed McCaleb, who is no stranger to the industry. He was also the co-founder of Ripple, which is actually among the biggest competitors to Stellar. Stellar was brought into the world to assist in making cross-border payments more efficient.

These payments have traditionally been incredibly expensive and taken a very long time to complete. Economic experts preach about the importance of easy access to financial services. But, unfortunately, many around the world don’t have access to banks and other institutions.

Since 2014, Stellar has partnered with several companies and platforms to service people all over the world. While the growth has been impressive, there is still a lot of progress to be made.

The advisory team behind Stellar is also impressive and one of the reasons why people are optimistic about its future. Some members of the board are the founder of AngelList, the founder of WordPress, and the CEO of Stripe, who is one of the youngest billionaires on the planet. With a team like this on the board, Stellar has some of the brightest minds in tech behind it.

There is also the Stellar Development Foundation. Its main goal is to increase awareness around the existence of Stellar. It also ensures the interface and platform are user-friendly, simple, and affordable for people all over the world to send and receive money.

Future Outlook and Performance of Stellar Lumens

So what does the future hold for Stellar Lumens? Well, we believe it will only continue to get more popular. The services they offer (and their benefits) are easy to understand, and the problem they set out to solve is a big one for millions all over the world. As they continue to build out their system and reputation and increase their partnerships, many believe Stellar Lumens could be the future of borderless payments.

In addition to their practical use cases, Lumens can also act as an investment, like many other cryptocurrencies. Expert opinion is mixed. However, many believe that the cryptocurrency should only increase in value. The reason is the increased usage and understanding across the world. Like many other assets, the performance of Lumens is also tied to Bitcoin and the crypto market as a whole.

In conclusion, we hope that this article has been able to help you learn more about Stellar Lumens. They are an exciting cryptocurrency and platform, and one that is sure to help people transfer funds all over the world.

Where To Get Bitcoin Cash?

You might assume that if you had Bitcoins before the hard fork on August 1st, 2017, you would have the same amount of tokens in Bitcoin Currency. And if you haven’t claimed your Bitcoin Cash tokens yet, they will stay secure and healthy until you do. Depending on the wallet you use, the methods for claiming the tokens can differ.

If you have a complete node wallet (one that allows you to download the whole Blockchain), such as Bitcoin Core or Bitcoin Knots, you will back up the wallet by heading to the menu and picking ‘Backup Wallet.’ A wallet would be generated as a part of this. Data file that you can import into a complete node Bitcoin Cash wallet like Bitcoin ABC to obtain access to your BCH tokens.

buy bitcoin cash

It’s essential to keep in mind that certain complete node wallets may be incompatible with one another. As a consequence, installing Bitcoin ABC could cause the data in Bitcoin Core to be overwritten. If you wouldn’t back up your secret keys, you risk losing both of your BTC and BCH coins ever. Install Bitcoin ABC, or some other complete node Bitcoin Cash wallet, on a separate machine to prevent this.

You should also be able to assert your Bitcoin Cash tokens if you’re using an SPV (Simplified Payment Verification) wallet (which doesn’t need the whole Blockchain to run). A recovery seed is a concept that applies to the holding of your Bitcoin private keys, as well as, by extension, your Bitcoin Cash secret keys, in any one of those wallets. Also, start trading with Bitcoin Revolution.

As a result, by merely placing this seed into a designated wallet, you must be enabled to enter your BCH. However, based on the form of wallet used, the procedure for using it can differ. To be secure, look for an announcement from your wallet provider that includes guidance on withdrawing your funds.

Alternatively, you should still message the help staff for your wallet. If you didn’t have some Bitcoins when the break happened, you could always buy Bitcoin Cash on any cryptocurrency exchanges or through a peer-to-peer deal.

Exchanges To Buy Bitcoin Cash

Despite the reality that Bitcoin Cash is the fourth-largest cryptocurrency by market capitalization behind Bitcoin, Ethereum, and Ripple, it is not sponsored by any big cryptocurrency exchange. A comprehensive list of BCH-supporting exchanges can be found here. Even though exchange acceptance is growing, only GDAX, Kraken, and Cex.io currently enable you to purchase Bitcoin Cash for fiat currency. You will get Bitcoin Cash in return for Bitcoin, Ether, or Tether if you use other markets, such as Bittrex.

Bear in mind that before you can start trading, the overwhelming majority of cryptocurrency exchanges would enable you to go through a lengthy and often intimidating phase of checking your identification. To deposit or withdraw money from an exchange, you’ll also need to link your bank account to the exchange’s withdrawal scheme.

It would most definitely take many business days to fully identify authentication and bank account connection. For multiple activities, separate exchanges will charge different rates. Such sites can charge a set price, while others will measure the payments dynamically for each service.

bitcoin-introduction

Most exchanges only allow money transfers through banking cash deposits, which may take up to three working days to complete security grounds. Few sites accept credit/debit card purchases, as well as PayPal in some situations, although, for the most part, this alternative is only valid for Bitcoin transactions. The period it took to finish a transaction varies based on the exchange. As previously reported, depositing and transferring fiat deposits from an exchange will take up to 3 working days in most situations. Most cryptocurrency transfers, however, are almost instantaneous make when it relates to Bitcoin Cash.

You may also use services like Shapeshift and Changelly to instantly swap between cryptocurrencies, like Bitcoin Cash, whether you already hold Bitcoins or some other big cryptocurrency. Furthermore, Changelly helps you purchase most of the cryptocurrencies it supports with USD through Visa or MasterCard. Finally, hold your assets and transactions secure at all times. Always trade on trustworthy markets, read user reviews and comments, and double-check the addresses you’re sending your capital.

Why You Must Check Tata AIG’s Reviews Before Buying Insurance?

Many of us associate our insurance needs with different risk factors. Take the increasing instances of critical illnesses in India. Various life-threatening ailments such as cancer and cardiovascular conditions have grown in prominence in the past few decades, resulting in increased healthcare costs and lower life expectancy. Similarly, the increasing number of cars on Indian roads and lenient traffic rules implies a higher risk of road accidents.

In such circumstances, having some form of financial security is essential. And this is where buying insurance comes into play. Buying insurance, be it health insurance plans, motor insurance or travel insurance, is both necessary and overwhelming. It is because you need to think about various factors such as policy coverage, exclusions, insurance-related jargon and the choice of insurance provider.

Choosing the right insurer is perhaps the most crucial part of your insurance buying journey. Since there are many insurance companies in the market, you may feel confused unless you perform a thorough check of different insurers’ reviews. Tata AIG General Insurance Company is one of the trusted names in the Indian insurance sector and offers a wide variety of insurance products, including health insurance plans, home insurance, and car insurance. The positive reviews given by their loyal customers says a lot about the value of their policies.

Here’s how checking reviews of Tata AIG’s insurance policies can help you out:

1. You Get to Know About Customer’s Experience

Before making a significant purchase decision, you often ask about the experience of your friends or peers. You want to know if the product or service you have chosen is worth the price you will pay for it. The same approach bears fruits while buying insurance policies.

The reviews given to Tata AIG’s health insurance plans, car insurance and other policies tell you more about the experience of other policyholders. You can even find detailed reviews from the customers who have written about the benefits they have received with Tata AIG’s insurance policies. In other words, you get to know more about the real-world instances where insurance benefits from Tata AIG have helped an individual, thus, helping you make the right choice of an insurance plan.

2. You Can Find Out Which Add-ons to Choose

Different types of insurance, including health insurance plans, have add-ons that you can choose to strengthen the policy further. Whenever you buy an insurance policy, you are asked to select add-ons of your choice by paying a small premium amount additionally. You can therefore, choose add-ons that align with your requirements.

Genuine reviews from Tata AIG’s policyholders can help support your research by clearing your doubts about the right combination of add-ons that you must include in your policy. For instance, if you buy Auto Secure Private Car Package Policy from Tata AIG, you can choose the depreciation reimbursement add-on to get a full claim amount without any deduction for depreciation during claims as per policy terms.

3. You Can Verify the Claim Settlement Ratio

While buying an insurance policy, you want to know more about the process of claim settlement followed by your insurer. Along with this, it is crucial that you are aware of the insurer’s claim settlement ratio (CSR), which is essential, the number of claims settled by that insurer in a year.

Many customers write reviews online to shower praises on Tata AIG’s policies for their seamless claim settlement process and high CSR. This way, you can be sure of selecting Tata AIG as your insurance partner.

4. You Can Check the Worth of Premium

Most people include benefits such as insurance coverage, NCB, add-ons and their entire experience with their insurers while writing online reviews. Consumers also describe the premium payable for their insurance plan. The premium of insurance policy varies with the coverage and add-on options that you choose at the time of buying.

Therefore, the customer reviews can help you choose maximum insurance benefits at a nominal cost of the premium. At the same time, you can better assess your premium paying capabilities by thoroughly checking out reviews given by Tata AIG’s customers.

Bottom Line

Tata AIG General Insurance company is a trusted name amongst Indians. Whether you want to buy health insurance plans, car or travel insurance, you can validate the worth of their policies through genuine reviews from the policyholders. Doing this will prevent any hassles about your insurance coverage that may otherwise arise in the long run.

4 Reasons Why You Should Invest in Green Energy Right Now

According to a study by Ourworldindata, around 11% of global energy comes from renewable technologies, around one-quarter of our electricity comes from renewable energy, and that’s great news for the planet. From hydroelectricity, wind and solar energy, biofuels and geothermal, there are now many alternatives for public and private use. But why should you invest in green energy? What are the benefits of eco-friendly energy sources and why should you care?

renewables-investment-trends

1. It’s actually cheaper!

According to the International Renewable Energy Agency, renewable energy is increasingly the cheapest source of new electricity, in fact the cost of photovoltaic energy has fallen by 82% in the last decade! But why is that? Well, the operating costs are much lower for renewable energy plants than fossil fuel and nuclear power plants. As long as there is sunshine there are possibilities of creating solar energy!

If you’re looking for an energy plan for your home, you’ll soon find out that energy suppliers offering renewable electricity are cheaper and more accommodating. They also tend to have environmentally friendly policies with projects such as planting trees every time you sign up for a new contract for example.

2. It’s better for our health

One of the most underrated benefits of renewable energy is the impact on our health. Increases in fossil fuels, road transport or open burning of waste in cities has contributed to air pollution around the globe. The particles found in this polluted air can have a devastating effect on our health. In fact, according to many studies, air pollution increases the risk of lung infections, lung cancer, premature death and asthma.

3. It’s good for the climate

One of the main benefits of renewable energy is the fact that it produces no or very low greenhouse gases. Therefore, it produces much less pollution, resulting in cleaner air and water. Renewable energy is derived from nature so by definition the resources have the benefit of being abundant and pretty much available anywhere.

4. It’s the future

In the future, we are more than likely going to only use climate-friendly energy sources such as the sun or wind to heat and power our homes and cars. Electric cars will become the norm and more jobs will be created around environmentally friendly energy all over the globe. We’re also expected to see fossil fuel cars disappear in the long run.

Eco-friendly Upgrades to Make Your Home Attractive to Buyers

If you are looking to sell your home or are just thinking about doing some upgrades to make it more attractive when you do finally sell it, studies show that making your property more eco-friendly will make it more attractive to potential buyers. If you want to get specific, there are some eco-friendly upgrades that not only help the environment by reducing the home’s energy consumption, but at the same time provide a return on the investment of more than 100%. This is not just an empty promise as every year sees an increase in home construction that includes the latest in environmentally friendly technology.

green-middle-east

It is no secret that technology is helping every industry develop at supersonic speeds. With the continued threat that rapid urban development brings to the environment. it only makes sense to use new technology to create better construction methods that are less harmful to the environment and more affordable to the homeowner. Jump on the go green opportunities available today and commit to making a better tomorrow.

Be Both Ambitious and Realistic

As you might expect, some eco-friendly upgrades are going to cost more than others. Want to add solar panels on top of the roof? First you have to check with your HOA, if you have one. Then you need to check the financials of the project. The upfront cost will vary from one installer to the next, and the rebates and incentives that encourage you to change in the first place will also vary depending on your home state.

If installing solar panels on your roof is not in your budget, there are plenty of other options to choose from. Everything from changing your insulation to never buying bottled water can have an impact. Changing the number of days you water your lawn or the amount of time for each sprinkler. Try reducing the amount of time you spend in the shower by just a few minutes each day.

All of these savings can add up and help reduce your carbon footprint over time and not only do you not spend money, but you can save money when it comes to your utility bills.

Don’t Forget Tax Season

Using your home as a tax write-off is so obvious it’s a huge reason many people buy homes in the first place. The important thing to remember is that you aren’t the only one who has a vested interest in making your home eco-friendly. The IRS has entered the discussion and extends tax credits based on different upgrades made to the home for environmentally friendly purposes. And since employing a special tax attorney may not be in your budget, there are other feasible ways to examine your financial situation as it impacts your taxes, and whether or not there are any discrepancies that need to be taken care of.

Once you have your overall financial situation looking a little clearer, don’t just be content with the usual write-offs consisting of interest payments and the like; consider all of your options and make a home upgrade that pays for itself. The point is, being proactive and taking the initiative to make your home more eco-friendly is not only affordable, it is also rewarding.

Is Solar The Next Big Thing For Cryptocurrency?

With Bitcoin going big, mining has become a costly and intense exercise. It takes a lot of computing power to validate the millions of transactions that happen on a daily basis. This is why environmentalists are down on Bitcoin as a viable mainstream currency. Mining Bitcoin uses the same electrical output as the entire country of Switzerland.

If Bitcoin is adopted by the masses as a legitimate currency, then there will need to be even more servers working overtime to compute and complete the encryptions that are the backbone of the currency.

With climate change front and center in many concerned citizens’ minds, it stands to reason that Bitcoin and cryptocurrency in general would need to greenify if they stand a chance at growing.

bitcoin-servers

In this article, we will go over what the future could mean for Bitcoin as it attempts to go green and use solar energy to power itself.

Lines between price and profit

A few years ago Bitcoin was generally stable in its value around $2,000 per coin. This meant that for miners to make a profit they needed to find a cheap way to power the servers to do the computing. Once these companies have mined the cryptocurrency they usually sell it onto the open market to be traded by investors who are looking to convert cash to Bitcoin.

Luckily for them, Bitcoin servers are rather portable in the sense that miners could set up shop anywhere in the world where the cost of energy was cheap.

Now that people are more concerned about the environmental cost of this mining it was not looking good for Bitcoin as a viable currency. At the time, renewable energy was more costly than fossil fuels so it would have cut massively into the profit margin and possibly even seen some losses.

Now, Bitcoin shattered the $20,000 mark per coin and at the same time, the cost of using solar and wind power has dropped dramatically. Suddenly, it is feasible to use solar-powered Bitcoin mining.

This could allow Bitcoin to be adopted by the masses and grow as a currency and still be the responsible thing for people concerned about the environment.

It can go anywhere

There are many places all over the world from deserts to regions around the Equator that get a lot of sunlight year round. And there isn’t much of an economy in those areas which makes it an ideal location for Bitcoin mining centers.

crytpocurrency-mining

They can use solar farms to power the servers and keep costs low since there is no shortage of sunlight. The long days and cloudless skies makes the price per kW hour in those areas very cheap and can compete with fossil fuels.

Another benefit is that bringing cryptocurrency mining centers to those areas can lift the economy. There will be a lot of jobs in construction and maintenance where there was little possibility of work previously.

*This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.