Author

Topic: another good place to do mining (Read 126 times)

newbie
Activity: 95
Merit: 0
March 27, 2018, 09:31:42 AM
#6
I heard about some cheap electricity at the Island, they're discounting for electricity at those so do you have a plan for it ? Because i think it will help you to increase much your profits.
full member
Activity: 308
Merit: 100
March 27, 2018, 12:42:38 AM
#5
I see in one city in New York, the city of Plattsburgh is a good place to do mining, because it has hydroelectric dams, so people pay only 4.5 cents dollars per kilowatt in 1 hour.

and I do not want to talk about a moratorium on electricity there, but to my knowledge, is there any other good place to do mining besides in Plattsburgh city?
What is the point of this, yeah we already know that they have one of the cheapest electricity but crypto miners cant mine in that location, because they already banned cryptocurreny mining in plattsburgh. Read this https://www.google.com.ph/amp/s/www.theverge.com/platform/amp/2018/3/16/17128678/plattsburgh-new-york-ban-cryptocurrency-mining there are lots of places like iceland, canada, and russia where electricity are also cheap and the temperature is not a problem because they have a cold weather.
legendary
Activity: 3444
Merit: 10558
March 26, 2018, 11:20:03 PM
#4
I see in one city in New York, the city of Plattsburgh is a good place to do mining, because it has hydroelectric dams, so people pay only 4.5 cents dollars per kilowatt in 1 hour.

and I do not want to talk about a moratorium on electricity there, but to my knowledge, is there any other good place to do mining besides in Plattsburgh city?
if you ask the place, I do not know. you should understand, that mining also requires basic needs that must be filled with electricity. basically, miners profit in the time the price of the coin is in high governance value. so you can meet the needs of mining and the rest you get the benefits.
yes, I understand that mining needs electricity, and electricity cost will be more expensive if mining is also more difficult.

and I think, I just want to know another strategic place and especially with cheaper electricity costs, besides of Plattsburgh city in new york.

just to increase my knowledge.

in that case just google electricity pricing based on countries and look at the tables that come up. 4.5 cents is low but not the lowest. https://en.wikipedia.org/wiki/Electricity_pricing
there are also countries that have varying price for electricity based on your usage. for example when you use less than certain amount (100 kwh) the price will be 0.9 cent, from 100-200 kwh it will be 1 cent and so on. so a miner may end up paying a higher price than a normal home user.
newbie
Activity: 90
Merit: 0
March 26, 2018, 12:31:58 AM
#3

It is very difficult to find a good city for bitcoin mining, most importantly we have to look at the cost of electricity in mining.
newbie
Activity: 187
Merit: 0
March 25, 2018, 09:53:02 PM
#2
I see in one city in New York, the city of Plattsburgh is a good place to do mining, because it has hydroelectric dams, so people pay only 4.5 cents dollars per kilowatt in 1 hour.

and I do not want to talk about a moratorium on electricity there, but to my knowledge, is there any other good place to do mining besides in Plattsburgh city?
if you ask the place, I do not know. you should understand, that mining also requires basic needs that must be filled with electricity. basically, miners profit in the time the price of the coin is in high governance value. so you can meet the needs of mining and the rest you get the benefits.
full member
Activity: 812
Merit: 101
March 25, 2018, 09:24:29 PM
#1
I see in one city in New York, the city of Plattsburgh is a good place to do mining, because it has hydroelectric dams, so people pay only 4.5 cents dollars per kilowatt in 1 hour.

and I do not want to talk about a moratorium on electricity there, but to my knowledge, is there any other good place to do mining besides in Plattsburgh city?
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