Topic: Bitcoin Mining Farm - Best countires - 2024 - page 2. (Read 532 times)
I communicate with miners from Kazakhstan, so many of them either closed their business or moved. Only companies that have found a way to negotiate with officials are engaged in mining there. Mining is heavily taxed and you have to share your profits with middlemen.
I am looking for 100 to 200 Kwh cheap electricity contract.
Washington State has a lot of cheap hydro power.
I know a lot of people have equipment there.
Depends on what you are looking for. 1000s of watts, 10000s of watts 100000s of watts, multi mega watt.
There is no 1 size fits all. Not to mention contract length, I have seen $0.05 power. BUT you need to sign a 2 year contract + personal guaranty + pay 180 days of power up front after that it's a rolling 90 days. You are also required to buy your bandwidth from them and so on.
Other places will just bill your credit card every month.
-Dave
I know a lot of people have equipment there.
Depends on what you are looking for. 1000s of watts, 10000s of watts 100000s of watts, multi mega watt.
There is no 1 size fits all. Not to mention contract length, I have seen $0.05 power. BUT you need to sign a 2 year contract + personal guaranty + pay 180 days of power up front after that it's a rolling 90 days. You are also required to buy your bandwidth from them and so on.
Other places will just bill your credit card every month.
-Dave
Quote
At that electricity price, it's not attractive enough for miner. Currently 0.06 Usd/Kwh or lower seen as attractive.
Even with 0.12 usd/kwh its still highly profitable.
Any one knows about mining in Canada ?
Any one have a better opportunity with better electricity cost ?
Iran : 0.002 Usd/Kwh (according to google, can any one confirm this price ?) - Accept crypto mining industrie - Bad geopolitic situation - Hot weather except in moutain.
IIRC mining in Iran on decline due to past blackout which lead to 4 months ban[1] and seized some ASIC before it's released[2]. While i don't know current condition in Iran, it would scare off some miner.
Canada : 0.114 Usd/Kwh - Easy regulation - Stable geopolitic - Cold weather.
Kazakhstan : 0.07 Usd/Kwh - Easy regulation - Stable geopolitic - Weather ok.
Kazakhstan : 0.07 Usd/Kwh - Easy regulation - Stable geopolitic - Weather ok.
At that electricity price, it's not attractive enough for miner. Currently 0.06 Usd/Kwh or lower seen as attractive.
[1] https://www.bbc.com/news/world-middle-east-57260829
[2] https://www.coindesk.com/policy/2023/01/04/iranian-courts-order-return-of-thousands-of-seized-crypto-mining-machines-reports/
Hello,
I am looking to open a bitcoin mining farm. Lets talk about who is the best country depending on : We are not talking about countries who ban crypto farming.
1) Electricity cost
2 ) Regulations
3 ) Geopolitic situation
4 ) Weather
Here are some electricity price for companies :
Iran : 0.002 Usd/Kwh (according to google, can any one confirm this price ?) - Accept crypto mining industrie - Bad geopolitic situation - Hot weather except in moutain.
Egypt : 0.024 Usd/Kwh - Easy regulation - Stable geopolitic - Hot weather.
Laos : 0.03 Usd/Kwh - Hard regulation - Stable geopolitic - Tropical weather.
Republic of Kyrgyzstan : 0.038 Usd/Kwh - Easy regulation - Stable geopolitics - Weather ok.
Algeria : 0.035 Usd/Kwh - hard regulation - stable geopolitic - hot weather.
Qatar : 0.036 Usd/Kwh - difficult regulation - stable geopolitic - hot weather.
Canada : 0.114 Usd/Kwh - Easy regulation - Stable geopolitic - Cold weather.
Paraguay : 0.04 Usd/Kwh - Easy regulation - Stable geopolitic - Cold weather.
Kazakhstan : 0.07 Usd/Kwh - Easy regulation - Stable geopolitic - Weather ok.
Can you guys confirm theses informations and advice what is the best countrie for Open a bitcoin farm according to you ?
I am looking to open a bitcoin mining farm. Lets talk about who is the best country depending on : We are not talking about countries who ban crypto farming.
1) Electricity cost
2 ) Regulations
3 ) Geopolitic situation
4 ) Weather
Here are some electricity price for companies :
Iran : 0.002 Usd/Kwh (according to google, can any one confirm this price ?) - Accept crypto mining industrie - Bad geopolitic situation - Hot weather except in moutain.
Egypt : 0.024 Usd/Kwh - Easy regulation - Stable geopolitic - Hot weather.
Laos : 0.03 Usd/Kwh - Hard regulation - Stable geopolitic - Tropical weather.
Republic of Kyrgyzstan : 0.038 Usd/Kwh - Easy regulation - Stable geopolitics - Weather ok.
Algeria : 0.035 Usd/Kwh - hard regulation - stable geopolitic - hot weather.
Qatar : 0.036 Usd/Kwh - difficult regulation - stable geopolitic - hot weather.
Canada : 0.114 Usd/Kwh - Easy regulation - Stable geopolitic - Cold weather.
Paraguay : 0.04 Usd/Kwh - Easy regulation - Stable geopolitic - Cold weather.
Kazakhstan : 0.07 Usd/Kwh - Easy regulation - Stable geopolitic - Weather ok.
Can you guys confirm theses informations and advice what is the best countrie for Open a bitcoin farm according to you ?
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