bitcoin mining geography - page 2. | Bitcointalksearch.org

ZahaRip

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Quote from: MrCrank on July 15, 2018, 04:13:24 AM

Quote from: Sam San on May 20, 2018, 02:14:30 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

Why do you think Antarctica?

Most profitable where cheap electicery.
Check price US cents/kWh https://en.wikipedia.org/wiki/Electricity_pricing

because electricity can be produced independently in any place where it is needed and sometimes its production is several times cheaper than from the usual sources. in Antarctica can prigoditsya the usual array of thermocouples gives a lot of energy on the temperature differential of water and air.

MrCrank

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Quote from: Sam San on May 20, 2018, 02:14:30 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

Why do you think Antarctica?

Most profitable where cheap electicery.
Check price US cents/kWh https://en.wikipedia.org/wiki/Electricity_pricing

maichimoto

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Quote from: Sam San on May 20, 2018, 02:14:30 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

I've seen the table the other day with mining costs and countries like Myanmar and Ukraine looked the cheapest option on electricity. But you should make sure of insurance and safety too

lance04

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I think mining is the easiest way to earn in eye of some other people but for the investing is the best
because it is the safest and more profitable to investment through a high returns on capital.

DragonETH

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Quote from: Thewolfofcrypto on July 11, 2018, 04:23:05 AM

I've heard that so far in 2018, there is no more benefit from mining bitcoin until you are having the great performance system, which would cost you millions of Dollars. So I think it was beneficial in the past, but not for now.

each new equipment doubles the performance, arms race, mining centers is permanent, if you do not invest in the upgrade, you can no longer recoup the cost.

Thewolfofcrypto

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einc.io

I've heard that so far in 2018, there is no more benefit from mining bitcoin until you are having the great performance system, which would cost you millions of Dollars. So I think it was beneficial in the past, but not for now.

anon.ph011

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Quote from: Sam San on May 20, 2018, 02:14:30 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

the most cheap electricity and most cheap internet provider , if their are a country who has that it will be the best if you can buy cheap gpu go with that because gpu from now is very expensive goodluck with you mining rig.

Burogh

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COVIR.IO

Quote from: Veterock on July 06, 2018, 07:18:02 PM

As I heard, the most profitable country for mining is Venezuela! Let's go there!)

From what i am read, the most profitable is in Iran. I am reading on social media, that miner only spend $600 for electricity to produce 1bitcoin. Its very good profits because bitcoin price right now at $6700.

jcarlo

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Quote from: Sam San on May 20, 2018, 02:14:30 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

Maybe antartica is good place to put the equipment because its cool but its hard to find electricity source. China right now is country with many miner in the world because electricity cost in china is more cheap.

zolfa

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Quote from: DragonETH on July 10, 2018, 01:24:06 AM

Quote from: Veterock on July 06, 2018, 07:18:02 PM

As I heard, the most profitable country for mining is Venezuela! Let's go there!)

many times I hear here in Venezuela, but I do not see any guy from Venezuela who would be interested to produce bitcoin in this country in factory scales, I do not know any pool in Venesual for bitcoin mining.

venezuela is a new country that legalizes bitcoin, now crypto growth there is very good. and venezuela able to build a stable economy after creating petro.

but, I think that in terms of electricity costs, Venezuela is not a good place for mining.

so, I think good mining always has good support too.

DragonETH

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Quote from: Veterock on July 06, 2018, 07:18:02 PM

As I heard, the most profitable country for mining is Venezuela! Let's go there!)

many times I hear here in Venezuela, but I do not see any guy from Venezuela who would be interested to produce bitcoin in this country in factory scales, I do not know any pool in Venesual for bitcoin mining.

Veterock

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As I heard, the most profitable country for mining is Venezuela! Let's go there!)

jpespa

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About profitability I think it will only depend upon the demand and the price of bitcoin since you already said mining can be anywhere but when it comes to temperature since miners need cool temperature to avoid overheat indeed antartica is the best. But there are no resources there and for you to mine there you need to bring all your resources to set it up and I don't think it will be budget friendly

if_so_klara_99

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the best countries are in Asia

metenjean

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If you're talking about geography, most miner considering low electricity cost area and also has lower temperature climate which is why some companies do mining in some suburban area even inside a cave. However consider the percentage return of an investment, if the place for mining bitcoin is remotely far eventhough low cost bill can be a plus side, we should also consider the allocation fees to remove the equipment needed and logistic also become another output cost which is why there is no best place for mining rather than how you manage to lower your cost will be your plus side in mining bitcoin Grin

DragonETH

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Quote from: takadada on July 06, 2018, 12:26:20 AM

Bitcoin mining is not as simple as you think, but exploiting Bitcoin is the most profitable in the world. I think Africa and Venezuela are the best countries for Bitcoin. There are less electricity costs than other countries.

what's cheaper than electricity from the mountain stream in the Alps? if you buy electricity from the outlet from the state, it is possible, but now there are many ways to produce it in an alternative way.

takadada

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Bitcoin mining is not as simple as you think, but exploiting Bitcoin is the most profitable in the world. I think Africa and Venezuela are the best countries for Bitcoin. There are less electricity costs than other countries.

DragonETH

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Quote from: dohh on July 03, 2018, 02:19:46 AM

Quote from: Sam San on May 20, 2018, 02:14:30 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06

heres quite good list. Dont think Antarctica is cheaper, than Venezuela. That would make no sense, as production cost of energy depends very much on source of energy and system of taxes.

So, I think, the best You can take out of thos pyramid, is in Venezuela.

not very clear why it was built this top and why in uzbekestan 1788, and in Russia, 4675, Canada 3965, and China 3172. that Uzbekistan has more electricity and is cheaper than China and Belarus 2177?

dohh

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Quote from: Sam San on May 20, 2018, 02:14:30 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06

heres quite good list. Dont think Antarctica is cheaper, than Venezuela. That would make no sense, as production cost of energy depends very much on source of energy and system of taxes.

So, I think, the best You can take out of thos pyramid, is in Venezuela.

Thewolfofcrypto

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einc.io

Quote from: Sam San on May 20, 2018, 02:14:30 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

I think obviously the most profitable lace and Pearl when you can mine Bitcoin it is the place with lowest electricity bill price, lol. Or the place where GPUs are the cheapest.

Topic: bitcoin mining geography - page 2. (Read 1278 times)