Topic: Discovering Kyrgyzstan (Read 190 times)

Hello, thank you for sharing this, very interesting !

Yes, the voltage level is unstable, I noticed that. We were able to put protection for the network equipment, but not for miners.
I also discovered that there's not many companies that offer miner repair, maybe 1 or 2 acceptable places in Bishkek. Even though there's an active warranty for those miners, sending them back to China for repair is a whole new level of bureaucracy that's better to avoid.

ah i see, sad... this energy situation is a drag for the whole economy. the least funny part about mining there is voltage spikes in the system that requires expensive SPDs or accepting miners high failure rate

Thank you!
About the average rate... the prices are really negotiable and depend on one's connections within the local establishment, so to speak. Same applies to police protection. I am sure foreigners may experience different things, including extortion, but this project included well connected parties, so we haven't faced any of that.
Since the government wants to buy all hydro power available for about 4-5 cents per kWh (I don't remember exactly), I would assume it makes the average price for miners 6 cents per kWh with maintenance.
Security is another "must have" expense, that place has armed guards and walls around it with barbed wire on top.

In regards to Africa, mining became extremely popular in Ethiopia. They got hydropower and tons of investments from leading manufacturers, including Bitmain. But things have been happening there for several years already, so not sure if there's much more power available.
According to Google, Democratic Republic of the Congo has huge potential in hydropower development, but not many investors have the balls of steel to go there.

Thank you! Yes, it is very interesting to do projects like this, especially because of the unique experience you get from different places..

Yeah, it is really unstable, the farm has been off for a week now, something on the main hydro plant could not withstand the load, so no mining, hehe

That's a nice read, fascinating.

So, what is the average power rate for mining in Kyrgyzstan? I know it surely depends on what size we're talking about, but just your average 1MW farm—is it below 5 cents/kWh? Also, what about security? I don't know about Kyrgyzstan, but in some other places, I know you have to bribe the police or pay someone to protect your farm. Do things work like that in Kyrgyzstan, or is it "really" a safe place for foreign miners?

Anyway, it's good to see mining expanding more and more in that region. I hope to see it expand more in Asia, Africa, and other places where mining isn't all that popular. This adds a lot to mining decentralization, which is good for everything Bitcoin.

It must be nice to be doing that type of build.

good fortune to you.

I love KGZ! However, from my trips and business there, I’ve learned that the electricity supply is unstable. The entire system, dating back to Soviet times, needs an upgrade. Maybe your location is different. I really hope things go well with your mining! thanks for posting here!

Hello fellow miners ,

Here is a story I would like to share about the mining adventures I experienced in Kyrgyzstan a couple of months ago.

Quick summary:
Crypto, mining, all that is legal and welcomed.
Relatively cheap hydro power plants can be built, the government supports these initiatives and buys power from such plants, but some people opt into mining.
If you have capital, consider this location.

I arrived at the airport in Bishkek, Kyrgyzstan sometime in August. The weather was hot and the taxi drivers were trying to charge a fortune, but luckily someone was meeting me there.








I couldn't wait to start working but my local partners assured me that this is the work. Having food with each other is no less important than sitting behind the computer.
That sounded reassuring, so we continued with heavy drinking at the karaoke bar.

In the morning I found myself in a car on a way to the mining farm that is located in the west of the country.
The landscape was fantastic.



Horses:
https://youtube.com/shorts/wMgZWikwi5M

Mountains:
https://youtube.com/shorts/o51Ujckm2O4

Then we stopped at the hotel.


I took few more videos in the morning to show how the beauty of the place.

More mountains:
https://youtube.com/shorts/Y42Tr39irH4

River:
https://youtube.com/shorts/XV-XGZBM3os

Breakfast:
https://youtube.com/shorts/hBMpeMzZk-U

Then we continued our trip and finally arrived at the mining location.

https://youtube.com/shorts/LYFWIROoVa4

We spent a few days there to set everything that's needed to begin mining.





Although the weather gets pretty hot, other socioeconomic factors make this place very appealing.
Total hashpower is over 450 Petahash  .

We launched it all pretty fast using our own software, which also monitors the machines. Hopefully we will have the time to release it in form of a web platform for public use in 2025...

Later we left the place and headed to check someone else who bought some land and building their own mini hydro station.

This river is expected to generate up to 18 MWh:
https://youtube.com/shorts/in82kqyS1rA

The cost to build such thing is about $1M/Megawatt using proper techniques, material, and equipment.


Checking the dam:
https://youtube.com/shorts/Wj71RYeQp2E







Conclusion:

Industrial miners as large as Bitmain do not like to consider locations with less than 30MW. But for us, not yet spoiled by the big money (unfortunately), such places as this offer an opportunity.