Topic: Mining no way for now ... (Read 1458 times)

To be honest overall situation of electricity in Pakistan is bad but i am very lucky thanks to (Almighty) not facing that problem actually I am located in central Punjab(Province) and living in industrial zone and i got a facility from (authorities) having and using unlimited amount of electricity in my residence.so long detail short, its not a method its just a facility i got from authorities.
for renting a apartment its not expensive and don't worry spending etc.we will figure this out.
If you are interested then please PM me or if you have Skype for discuss more in detail

Hello Rapidgator,

You right, I thinkin to start for home and small ...

Sorry for my question, and dont misunderstand, but ,how you get free electricity for legal method ? ...

And, how much is one apartment per month here .. and how much i spend a month to keep me there ...

sorry for interrupting in your thread..but i read your posts regarding relocating or mining in other country that have cheap electricity.
I don't know from how many rigs you gona start but if you want from small or home I can offer you to come to my place/country (Pakistan) as joint venture as i already planned to start mining a month ago but waiting for halving dust to calm down.
I have absolutely 24hours free electricity with 24/7 air condition without any limit free doesn't mean its stolen or getting through illegal method.
If you willing to start joint venture in Pakistan, most welcome.

Yeah, china is the best option for now ... I read many people said it ... but ... speak chinese? well, i think this is the big problem or it is only problem ..

About country, thinking about US, some place at USA have cheap electricity, I have brother in law living at miami ... but I dont think go to there ...

Maybe better still investing on stock exchange right?

I did not investing on S7 ... not good idea anymore .. waiting for S9 ... and maybe hashnest ... this a good deal.

If you were to truly re-locate you could easily hire a translator, and learn the language (many way's to learn language).   You might even find a partner or someone to work with that is local, as they might be able to bring a lot to the table as far as connections.   

All kinda depends on what size were talking about.  I personally think re-locating is very very hard to do as there are a lot of financial factors in it, not to mention it get's complicated with going into a foreign country starting a business (some are easier then others).  But I think hosting centers will remain king over people re-locating.   I mean we just don't see threads of people re-locating in any big numbers due to difficulty.

I think the guy will like to know which country has the cheapest electricity... I think China fits the bill quite right.

Cost of living is not as high as Brazil and the place is peaceful, you do not have lots of terrorists bombing places.

There are a lot of experts there who can easily put you through should you decide to join a mining pool.

But do you speak Chinese?

The country picked is not a very realistic one for a big farm.   I am not putting down Venezuela though, I have learned though the forums it has many people proud of their country that mine there - https://bitcointalksearch.org/topic/--1231822 .  But is is very very unstable looking from outside in (my personal opinion).  I think more likely would be going to China, or part's of US or Canada.  (I'm sure there are others).

But the money needed to relocate, then add buying mining area, building mining area, and mining gear... it get's to a point you need to have a very good amount of money to do it.  And it would be hard to do as your main job unless you invest a pretty big number here.

I think if you relocate for other life related purposes while fulfilling your mining dream would be more realistic and practical to a positive outcome. However, relocation solely for mining is completely different. There are many factors you need to consider other than just electricity costs. For example, Venezuela has close to free electricity but the social environment there is not that great. Keep in mind electricity is only part of your operational cost that is against your operating revenue. Social stability, farm security, government regulations, financial reporting, etc are all ought to be considered carefully.

Like others suggested, cloud mining or hosting would provide you with the most peace of mind. If you really want to pursue your goal, I would suggest you find out where majority hosting companies located and decide from there. China is also a great place if you have good local relationship there.

they still need to add s9, they are still offering s7 only via hash, i didn't check via contract but probably the same

s7 is bad enough already no one will buy those anymore

I agree with the advice given here, The amount of money it would cost to relocate internationally, find/build in a location to start said mine, and then purchase all the gear would set you extremely far back where you might not ever see a decent ROI. Personally, I think a much easier approach without all the headaches is to have your gear hosted somewhere. These companies exist for reasons like this where people cannot host within their home or the location they are currently at. Unless your talking about hundreds of S7s where renting that much space from a hosting site would be MORE than building your own facility, but then again something of this scope (i hope) would involve a lot more planning and take a while to actually get going.

We have been reading about A4 chips for quiet a while.  I hope they come out as it would be fun to play with one.  But I would not put all eggs in that basket till sales start.

I don't know how much you have put aside but it will not be cheap.   You will need money to relocate, buy miners, buy location (renting get's tricky with modification might find rental... but hard unless long term), need a place with lot's of electricity depends on how many miners, need to pay for electrical wiring, need to pay for cooling systems (fans, evaporation all depends).  Also which country are you looking at?

To do all the above is going to be very costly depending on size your thinking.   Your question on profit as increased difficulty we cant give a blanket anwser, need to know electricity cost.    Doing all of this will no easier on altcoin A4's you deal with difficulty and you can lose, heck look at some that lost money on A2's the previous gen it dropped in price at a scary rate on units.   

I think you will find hosting much easier then the international relocation, unless you just have a lot of money your putting into it.

Ok, first thank to your time notlist3d for answer me.
Cloud mining appears is the better idead for now, i read many times of vloud mining and always says about hashnest..

When i said: not rich.. i want to say i did not have millions of dollars to invest on this.. ofcourse i have money to relocate, if not, i never think about this.. my question here is if btc still proffi with increase diffs every time or maybe think to another cryptocurrency, maybe altcoin... just talking about options or alternatives... alternstives to stock exhange with great opportunity to increase capital more fast than ...

Thats it...

I read about altcoin A4..
But this is in another forum..

Thanks anyway

Hello, thanks for your idea about hashnest, ia was read about and registered there few days later... maybe i considerer this... my doubt is about histories of scams... btw i thank you

And this is why there are hosting companies out there.  You can host your miner in a country where electricity is a fair price.   Sadly with high electricity and VAT and such some places are just not good for mining.   But you can host or cloud mining.

Phil is right go with hashnest if you want cloudmining.  There are a LOT of scams out there they will have amazing ROI calculators that make ROI seem guaranteed.  The truth is it is not guaranteed but hashnest gives you a honest chance of ROI.

On "I thinking to leave from brazil and go to another country ... offcourse looking for start my farm ... (home to start , I'm not rich , start at home , buying some s7 , making btc , btc reselling and buying more s7) ..."  You mention you are not rich, to move to another country and start a farm is going to take a good amount of money I would think in most cases.  Relocating first lot's of cost there then you have to buy a place for your mine, or find a place to rent (which can be hard).   

I think honestly a good hosting option will be something in your budget.   Relocating and starting a farm I think you will need to have saved up a good amount to do which "not rich" is hard to interpret as far as how much your budget is and if it is even a remote chance.

hashnest  is cloud mining and is run by bitmaintech.



https://www.hashnest.com/


It is possible to make money from them.


Does not mean you will do so , but if you want to cloud mine use them.

Hello forum, hello from Brazil.

My name is Eduardo, I started using bitcoin in 2014 (If i remember ...) I bought 14 USB Miners (yellowjacket) from hashrate store ..
But before it purchased, should have study more about, because in Brazil, energy is too expansive .. here is one calculator of energy company in my city: https://www.ceee.com.br/pportal/ceee/Component/Controller.aspx?CC=1248 (I thinking to buy one S7 for 440$) every S7 uses 1300W, so, 1300W here in Brazil my bill for every month is 296$ only for energy of S7, not included internet, house, etc ...
Example:
Today with difficulty of bitcoins if I mining with S7 at 4.73TH/s per month i got: per Month   0.33928539 BTC   $233.11 this dont paid my energy ..

!no way to mining at brazil.

My question here is: I'm read about solar panels (no way at brazil too, very expansive), I'm read about some countries where energy is below 0.08 cents ...
I think, only who lives at these countries got some coins right?
Another question is: Cloud mining is not a good idea right?
And my last question: I thinking to leave from brazil and go to another country ... offcourse looking for start my farm ... (home to start , I'm not rich , start at home , buying some s7 , making btc , btc reselling and buying more s7) ...

Today I investing on the Stock Exchange ... and have some money there .. that money I use to leave from here and go to new contry where is able to mining coins ... I would like suggestions of countries where the energy was accessible to mine


Thanks to all for attention, sorry if my english is not perfect ... and congrats to this forum, best on the web.