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Topic: Can the Philippines mine bitcoins? - page 2. (Read 221 times)

legendary
Activity: 2506
Merit: 1394
September 23, 2024, 09:35:53 PM
#2
Possible ito. Madami na nakasubok mag mina pero I remember after the bull run around 2018, ung pag bagsak ang daming huminto sa pag mimina dahil hindi na profitable.
Madami ka pwedeng e konsidera pag mag mimina, ang una ay yung electricity cost, may ibang lugar dito sa Pilipinas na sobrang mahal ng kurente, so hindi talaga profitable pag sa iba maliban na lang kung libre ang kuryente mo.
May amo ako dati na may miner sa loob ng office namin, after nung bumagsak ang market 2018, di na niya pinapaandar yung miner niya.
hero member
Activity: 3010
Merit: 666
September 23, 2024, 09:28:46 PM
#1
Bhutan Stashes $780M in Bitcoin Worth One-Third of Its GDP

I just read this news, and it turns out they've made huge profits from bitcoin mining alone. It got me thinking ---what if we did the same thing here in the Philippines? It might actually help address some of our issues, like basic needs, public infrastructure, healthcare, and more.

What do you think? Can the Philippines follow in that country's footsteps? If yes, is it too late, or what are the hindrances and reasons why we can't pull it off?
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