Is TeslaWatt's Solar Mining in Nevada Legit or a Scam?

Hey folks, Can anyone verify whether TeslaWatt is actually setting up a solar operation in Tonopah, Nevada for crypto mining at this price of 0.029 cents per kWh? Is it the real deal or just another scam? They’re asking for a significant investment in panels and batteries, yet claim they'll refund that amount.

I never hear company you mentioned. But from quick search about electricity cost on Nevada state, it's electricity cost ranging from $0.07/kWh to $0.17/kWh across all types (residental, business & industry). So without further information, i would stay away if i were you.

Solar panels don't work at night. What conditions does the company offer you for payback? If you give more information, I'll try to analyze it

the company does exist. I spoke with them a few times, but decided to not work with them. They did not offer a solar investment to me. They wany a 20kwatt commitment at 7 cents a kwatt sometime in 2024.

And you didn't ask them about electricity at night? Or will 100 Mexicans come to you at night and ride bicycles connected to generators?

They put batteries for night. The thing is that they need 50k investment for solars panel, batteries and one miner s21. They say they will refund the full amount of money after 1 year due to irs.

their ask is different then when I looked into them. But here is an idea go to altaitech.io https://altairtech.io/product/bitmain-antminer-s21-xp/ buy 4 of the s21 xp units. contact my host https://iowamining.io/ https://www.youtube.com/@IowaMining have altairtech ship the 4 units to nate at Iowa mining instead of 50k out of pocket it is only about 30k you mine with 4x277=1108 th with Tesla you mine with 200th power cost more at Iowa but startup costs are 20k lower. and you have 1108th vs 200th

Any one know anything about refund from IRS for investment in renewable energy in low income regions ?

If your country has such a program from the IRS, why don't you contact them for advice? I don't see any economic sense in such investments. Miners use solar energy during the day, and at night they buy it from energy companies.

Unless of course they use batteries like Teslawatt is doing at that site...

you can get 4% on cash . i get 3.8% on my paypal. that is a certain 1900 in a year. you could take the 1900 now and buy btc. take 48100 and bank it getting the 4% and in a year the 1900 comes back to you in the bank account. pretty much certain on the cash. and you would have the piece of btc you purchased. To me it is a better idea than giving 50k to telsawatt.

I suggest that you use the UPS and Battery Selection Calculator to select your UPS and batteries I used 5 kilowatts and 10 hours. Calculator result Recommended battery capacity: 352942 Ah. Do you have any idea how many batteries are needed for these tasks?

Yes. I take it you have never heard of grid-scale battery storage? Or on a smaller scale, the battery packs in an electric car most of which can easily store the needed 50kwh?

so 352,942 is pretty high. a good setup is 95% efficient and you do not want to draw below 50% on the battery so 95% x 50% = 47% so if you pull 5000 watts a 48volt x 240ah battery is 11520x47%=5,414.4  or 1 hour. this is a 48volt 100ah https://www.ebay.com/itm/335947915483? so it would do a 5000 watt miner for 30 minutes and you would need 26 of them for 13 hours so 26 x 639 =16,614 usd actually If I were to do the setup I would get 30 of them for 30x639=19,170 plus tax say 20k I would get a proper inverter that does 8kwatts I would get a solar charger I would get panels this is complex as to what to get. basically you need a ton of panels maybe 25 x 400 =10,000 watt charge for 5 to 6 hours  means you get 50,000 to 60,000 charge power I think you need 20,000 in panels or 50 x 400 watt panels I am spitballing but close enoguh the price for 50 400 panels is 20k so 20k + 20k =40K plus inverter and land  since you are fully off grid. 50 panels mounted on aluminum bars is about 2 rows 75 feet long the good thing is the panels last 20+ years and the inverter lasts 10 + years and the solar controler charger lasts 20+ years the 20k in batteries dies off in 5-10 years this is the stick point for a fully off grid set up. If you really knew what you were doing maybe 50k up front and 20k in 5-10 years for new batteries. would 5000 kwatt of miners earn 70k in 20years maybe. I could run these. https://www.ebay.com/itm/156984520065 24/7   they do 240 or 250 th. cost 4k so 50+4 =54k 250 x .055 =13.75 a day for 5 years is 25,093 bucks which is short of 54k but I did all of the above with zero subsidies. to me having fucked with mining since 2012 I would not do any of the above.

I used technical documentation to calculate the capacity of UPS for servers, work machines, but the maximum operating time was usually 5-15 minutes for safe shutdown, up to 1 hour, which is required to switch to a generator or backup line. I have not seen in practical use of batteries that would give 5 kilowatts for 10 hours. I have seen various large companies, and they used backup generators for such tasks, not batteries. philipma1957, thank you. To sum up your post, we need 2 sets of solar panels. One part of the panels will work to power the ASIC during the day, and the second will charge the batteries for work at night. And if the weather is bad, the ASIC will turn off. Any miner engineer knows that turning off the ASIC is the most harmful thing for its chips. I'm not against such ideas, but I would never agree to sponsor this:)

Can anyone can confirm if IRS in the US can refund such an investment ? This is the basic of the plan. Without this refund it does not worth it. But according to TeslaWatt, they can refund over 100% of the investment in 1 year. So you have your investment solars + batteries + miner for free. Can anyone confirm this ?

Dude, "50k investment for solar panels, batteries and one s21 miner" looks stupid. What profit will you get after that? It looks like a scam, when a company wants to cheat the IRS.

well a s21 earns 200x.053=$10.60 a day. it burns 3.5x24=84 kwatts but lets say 90 kwatts. to run 90kwatts in a day means  6 hours of full charging and 18 of battery. 18x3.6=64.8 stored energy and proper battery is 2x that or 130 kwatts in battery. to get that charge you need 22kwatts of panels that is about 55x400=22,000  55 panels  and if you get deals maybe 55 panels are 22000 dollars rebates of 100% in a year do not exist and 22k for the panels is a lot of land or roof. plus we are skipping labor and batteries and inverters. all to earn 10 dollars a day grid tied system of 22kwatts means 30k investment if lucky. off grid add 30 batteries at 600 each why spend 48k to make 10 a day and you need more batteries in 5 maybe 7 years. for telsa they can profit because they will charge you 3cents a kwatt but pretend you do get back the 50k outlay it would have earned 2k interest. I guess if you really get the 50k refunded the deal works.  but i would not want them and would not lay out 50k in non secured loan to them. i can get 50k secured and 2k juice. in a year I get my 50k back I pay. 90x.03=2.7 a day or 2.7x365=985.5 say 1000 in power I earned 10.6x365=3,869 so 3,869-1,000=2,869 so no risk 50+2=52 risk 50+2.8=52.8 so gamble 50k for a year to make 800 bucks now year 2 safe 52x1.04=54.08. you rolled back the interest risk 2.8+ 2 as you took the refund and banked it you get 54.8 so after 2 years the safe bet is 54.08 the risk bet is 54.8 you are only risking a s21 after year 1 but to only get very little extra profit for complete risk of 50k is not easy to do. btw if btc moons the risk could do better if btc tanks the risk is worse. the op should bank 48k and buy 2k in btc in a year 48x1.04=49.92 the 2k in btc may double so you must have at worst 49,920 if btc zeros out and maybe 54,000 if btc doubles. so you risk an 80 dollar loss against a 4,000 gain vs the other choices.

I think if the IRS were to return $50,000, there would be a line of investors waiting for them In my country I can use solar panels, but if I sell electricity to others, I need a license. But given the small number of sunny days, this project is not very profitable.

the credit that i know about is 30% also some states give 10% a year for 5 years in a row. that is a total of 80% back over a long time period not 100% back in a year. Solar can work but more often as grid tie.  battery tends to be too costly as they die too fast. the inverters and the panels can last 20-30 years. but battery doing 10 years is super rare.