Are you going to move to the country where you start this new company?
Also, if it is going to be solar/wind powered, doesn't that greatly limit the locations where you can do it?
Also, I don't know a lot about mining, but I would guess if you buy something like http://www.solarminer.com or build your own mining equipment powered by alternative energy, it won't be as cutting edge as what is needed to make a profit with mining. Also, keep in mind that in a hot climate the cooling costs for the computers might offset the low cost of the solar power.
Using the solar/wind electricity for mining may pay better than selling the electricity, but overall you would really be taking a big risk setting up an alternative energy operation in a country you know nothing about.
- Eric
Also, if it is going to be solar/wind powered, doesn't that greatly limit the locations where you can do it?
Also, I don't know a lot about mining, but I would guess if you buy something like http://www.solarminer.com or build your own mining equipment powered by alternative energy, it won't be as cutting edge as what is needed to make a profit with mining. Also, keep in mind that in a hot climate the cooling costs for the computers might offset the low cost of the solar power.
Using the solar/wind electricity for mining may pay better than selling the electricity, but overall you would really be taking a big risk setting up an alternative energy operation in a country you know nothing about.
- Eric
Hello, thanks for your opinion.
The facility could be build in my country, but I am more thinking of opening a company in another country where it would benefit mining much more. I hope that makes sense.
