can we in Africa really successful mining bitcoin.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: shinratensei_ on September 27, 2016, 10:01:50 PM

Quote from: Supercrypt on September 27, 2016, 10:47:14 AM

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

What are the similar advantages an African country will be having when compared to China?
African countries are known for its very hot climate, so bitcoin mining would be a big challenge as cooling process would be significantly difficult. I guess only few African countries will have the saturation levels in electricity power generations and no known data on cheaper electricity across African countries.

In Africa it's so hot..... and the temperature of an environment in Africa is not worth for mining at this time and like he are saying you will need a more of a fan for cooling your mining hardware.

There are some areas at higher altitudes, which might be suitable for mining operations. Mount Kilimanjaro, in Tanzania. It is the highest mountain in Africa, and rises approximately 4,900 m from its base to 5,895 metres above sea level. Also, Sutherland is the coldest town in South Africa, with an average yearly temperature of 11.3 °C and an average annual minimum temperature of 2.8 °C.

Lesotho located in Southern Africa is the coldest country in Africa. The Lesotho Highlands Water Project (LHWP) is an ongoing water supply project with a hydropower component.

We have done some research to see if Bitcoin mining can be profitable in Africa, and it seems as though this might just be a option, if you can find the correct location. ^smile^

quit_gambling_for_good

member

Activity: 112

Merit: 10

I think any part in the world can mine bitcoin, as long there is electricity and provided you have a good pc.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: yakdivine on September 28, 2016, 06:47:00 AM

Quote from: TastyChillySauce00 on September 28, 2016, 05:23:04 AM

Quote from: yakdivine on September 27, 2016, 02:46:16 PM

Chinese are doing will because they have advanced technology. One day we in Africa will develop to that level and we will become the grand master of bitcoin and other coins.

i think it's not because they're having any advanced technologies or anything else because i think their rig was the same as what people use in different countries,they're having cheap electricity that could make them optimizing their profit while in most of europe or america electricity is quite expensive

you have spoken the truth

behind of the electricity is so cheap we need for considering about the another factor can giving an impact for the mining rig like the temperature, because that is so important and will define how long your mining rig is can be alive.

a7mos

hero member

Activity: 574

Merit: 500

most of Africa countries do not have a good and stable electricity networks. so here is the main problem. also mining difficulty nowadays is very high and you may not be able to get you ROI even after a year

wikenpp

hero member

Activity: 672

Merit: 500

Quote from: Daffadile on September 29, 2016, 02:12:46 PM

If you going to take mining seriously then you will not have a problem with starting your mine farm in whatever country is cheapest. So simply just do that. You may need someone trusted to look after them unless you move to that country.

Yeah you have to look at the country and it's climate. The energy is very cheap in africa, but without proper cooling your miners will be dead within a day. Yes that fast, because the heat in africa without proper cooling will kill your miners. And so you must buy extra cooling equipment, which on their turn also use also extra electricity.

So my guess the best country for a consumer is china. Save money on transportation and energy, all at once.

Daffadile

hero member

Activity: 1162

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

If you going to take mining seriously then you will not have a problem with starting your mine farm in whatever country is cheapest. So simply just do that. You may need someone trusted to look after them unless you move to that country.

mobnepal

legendary

Activity: 1218

Merit: 1006

Most of the developing countries as well as africa have high electricity cost and there will be lot of security risks about getting mining device stolen. So it may not be profitable to start mining bitcoin in african country as well as in developing countries like here in Nepal.

yakdivine

member

Activity: 70

Merit: 10

Quote from: TastyChillySauce00 on September 28, 2016, 05:23:04 AM

Quote from: yakdivine on September 27, 2016, 02:46:16 PM

Chinese are doing will because they have advanced technology. One day we in Africa will develop to that level and we will become the grand master of bitcoin and other coins.

i think it's not because they're having any advanced technologies or anything else because i think their rig was the same as what people use in different countries,they're having cheap electricity that could make them optimizing their profit while in most of europe or america electricity is quite expensive

you have spoken the truth

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: TastyChillySauce00 on September 28, 2016, 05:23:04 AM

i think it's not because they're having any advanced technologies or anything else because i think their rig was the same as what people use in different countries,they're having cheap electricity that could make them optimizing their profit while in most of europe or america electricity is quite expensive

The design and manufacture takes place in China. I think the chances are that they'll keep the latest and fastest mining rigs for themselves. Why give up an advantage?

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: yakdivine on September 27, 2016, 02:46:16 PM

Chinese are doing will because they have advanced technology. One day we in Africa will develop to that level and we will become the grand master of bitcoin and other coins.

i think it's not because they're having any advanced technologies or anything else because i think their rig was the same as what people use in different countries,they're having cheap electricity that could make them optimizing their profit while in most of europe or america electricity is quite expensive

yakdivine

member

Activity: 70

Merit: 10

That mean those from cool temperature's country has advantage in mining bitcoin, and there have to just concentrate on electricity and bitcoin mining hardware and software. Africa from what I have learned from this treat we have spend alot in electric, cooler, mining software and hardware and security including time. Roi will be very low. For now I will concentrate my mind on rendering service for bitcoin.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: Hazir on September 27, 2016, 10:27:57 AM

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.

even if the price of electricity is high there are ways to get a cheaper electricity. like what Chinese are doing. they have special contracts with the electricity providers that makes it cheap for them.

Quote

2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.

again one of the reasons why Chinese are mining easily is that they are running their operation in the mountains in a naturally cool environment.

Quote

3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

the problem is not delivery, it can be bought and brought to Africa easily.
the problem is going to be the initial investment and the fact that it will be a lot compared to the competition (Chinese, they get special discounts directly) so ROI will be delayed.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Supercrypt on September 27, 2016, 10:47:14 AM

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

What are the similar advantages an African country will be having when compared to China?
African countries are known for its very hot climate, so bitcoin mining would be a big challenge as cooling process would be significantly difficult. I guess only few African countries will have the saturation levels in electricity power generations and no known data on cheaper electricity across African countries.

In Africa it's so hot..... and the temperature of an environment in Africa is not worth for mining at this time and like he are saying you will need a more of a fan for cooling your mining hardware.

yakdivine

member

Activity: 70

Merit: 10

Chinese are doing will because they have advanced technology. One day we in Africa will develop to that level and we will become the grand master of bitcoin and other coins.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

no one's going to compete with the Chinese. The combo of giveaway power in certain areas, hardware design and manufacturing plus reasonable and skilled labour is unbeatable.

Hellacopter

hero member

Activity: 742

Merit: 500

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

Its possible, but really very hard. Mining need cheap electricity and hardware and starting a mining farm , and that's need good budget usually and not available for the most African people

yakdivine

member

Activity: 70

Merit: 10

Quote from: kanazawa on September 27, 2016, 12:44:26 PM

What most people are saying here is true. I was in many countries in Africa this years, some of them I didn't saw even the expression of Bitcoin... Buy let's talk about where it is present. For example, in Cape Town only few people there do mining bitcoins because electricity is not cheap, but in Egypt energy is very cheap and the community is pretty cool about Bitcoins. I was in Abuja, Nigeria, and it's a good place to do mining too.

I lived in Abuja Nigeria, and I think in Abuja one can mining bitcoin with just little running cost. Abuja wether is relatively cool and most time light situation is a bit ok. thank senior.

BitcoinSupremo

copper member

Activity: 1442

Merit: 529

It depends on the country , if it is a very hot country like Egypt for example which has almost free electricity it's good. The problem of over heating will be adjusted by adding additional cooling power. This will be no problem as the exchange rate from USD to Egypt local currency is big , so mining bitcoin there would be very profitable. The only problem is someone to be convinced of taking such a step.

In Nigeria if you have no electricity than all the investment you will make for the bitcoin mining will go in vain. Not a wise thing to do.

kanazawa

hero member

Activity: 756

Merit: 500

What most people are saying here is true. I was in many countries in Africa this years, some of them I didn't saw even the expression of Bitcoin... Buy let's talk about where it is present. For example, in Cape Town only few people there do mining bitcoins because electricity is not cheap, but in Egypt energy is very cheap and the community is pretty cool about Bitcoins. I was in Abuja, Nigeria, and it's a good place to do mining too.

yakdivine

member

Activity: 70

Merit: 10

Quote from: Barbut on September 27, 2016, 12:13:02 PM

Quote from: yakdivine on September 27, 2016, 11:39:07 AM

Quote from: Hazir on September 27, 2016, 10:27:57 AM

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

First of all this is mining discussion. Secondly your question it a vague - Africa is large continent, where exactly you want to open a mining farm?

For successful mining you need three things:

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.
2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.
3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

thank you sir, I am from Nigeria the only major problem I no we have is electricity,outside our wether is very favourable.

Do I understand good that you don't have electricity? How do you plan to mine bitcoin then?
I think if you can fulfill this 3 steps successfully you can mine bitcoins everywhere. Cheap electricity, mining equipment and something to cool all that is necessary things, without one of this 3 things you are doomed.
Africa is really big continent, probably with some good investment there is a way for them to set up mining farm one day.

ok Sir I pray God answer your pray for us. Thank

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

Quote from: yakdivine on September 27, 2016, 11:39:07 AM

Quote from: Hazir on September 27, 2016, 10:27:57 AM

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

First of all this is mining discussion. Secondly your question it a vague - Africa is large continent, where exactly you want to open a mining farm?

For successful mining you need three things:

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.
2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.
3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

thank you sir, I am from Nigeria the only major problem I no we have is electricity,outside our wether is very favourable.

Do I understand good that you don't have electricity? How do you plan to mine bitcoin then?
I think if you can fulfill this 3 steps successfully you can mine bitcoins everywhere. Cheap electricity, mining equipment and something to cool all that is necessary things, without one of this 3 things you are doomed.
Africa is really big continent, probably with some good investment there is a way for them to set up mining farm one day.

yakdivine

member

Activity: 70

Merit: 10

Quote from: Hazir on September 27, 2016, 10:27:57 AM

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

First of all this is mining discussion. Secondly your question it a vague - Africa is large continent, where exactly you want to open a mining farm?

For successful mining you need three things:

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.
2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.
3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

thank you sir, I am from Nigeria the only major problem I no we have is electricity,outside our wether is very favourable.

jack1111

hero member

Activity: 924

Merit: 500

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

I think Africa has one postivie point and one negative point in regards to mining Bitcoin :
The positive point is the cheap electricity cost if I am not wrong , I heard that some African countries sell electricity to European countries like France , whereas they benefit from solar power to generate electricity .
The ngative point is the hot climate in most of African countries , and Bitcoin mining needs cold climate , for that many Bitcoin mining companies work in northern Europe where the climate is suitable for mining .

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

What are the similar advantages an African country will be having when compared to China?
African countries are known for its very hot climate, so bitcoin mining would be a big challenge as cooling process would be significantly difficult. I guess only few African countries will have the saturation levels in electricity power generations and no known data on cheaper electricity across African countries.

Backside walkaround

full member

Activity: 196

Merit: 100

I agree with above. Africa is enormous, so it depends on which country you're in. The governments there are completely messed up, from what I gather, and I'm sure that's a huge understatement. If you had the money somehow, of course you could set up a mining rig and mine profitably. I'm not sure how many people in Africa do it right now, but my guess is not that many. All of the mining takes place in China.

Is there anywhere you can spend bitcoin in Africa? I don't have a sense of how popular it is there.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

First of all this is mining discussion. Secondly your question it a vague - Africa is large continent, where exactly you want to open a mining farm?

For successful mining you need three things:

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.
2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.
3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

yakdivine

member

Activity: 70

Merit: 10

Quote from: vodaljepa on September 27, 2016, 09:41:23 AM

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

No

why please can you explain. We in Nigeria are facing electric problem but those in lybia and south Africa has relatively electricity. I think is a problem of mind set

vodaljepa

hero member

Activity: 658

Merit: 500

Quote from: yakdivine on September 27, 2016, 09:16:47 AM

can we in Africa really successful mining bitcoin?

No

yakdivine

member

Activity: 70

Merit: 10

can we in Africa really successful mining bitcoin?

Topic: can we in Africa really successful mining bitcoin. (Read 1116 times)