Systems • Vol 13 • No 5
Empirical Insights into Economic Viability: Integrating Bitcoin Mining with Biorefineries Using a Stochastic Model
May 2025 • Georgeio Semaan, Guizhou Wang, Tunç Durmaz, Gopalakrishnan Kumar
This study explores integrating Bitcoin mining with lignocellulosic biorefineries to create an additional revenue stream. Profits from mining can help offset internal costs, reduce business expenses, or lower consumer prices. Using sensitivity analysis and Monte Carlo simulations, this study identifies key profitability drivers, such as electricity costs, hardware expenses, starting year, and operational time. Time emerged as an extremely sensitive factor and showed that delaying mining operations significantly ra…