Which European country best for Bitcoin mining? - page 2.

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Quote from: bitcoinexplorer on January 28, 2018, 05:24:55 PM

Quote from: zoran.drobnjak on January 27, 2018, 07:04:19 PM

Check Serbia.

1 - Lowest Tax in addition to tax deductions and subsidies for investors, please check > http://ras.gov.rs/invest-in-serbia/why-serbia/financial-benefits-and-incentives
2 - Crypto friendly legal framework, for more details you can contact their local Bitcoin association > [email protected]
3 - Cheapest electricity in the area
4 - In addition to Muslims, a sort of hijab is also worn by a number of older ladies and grandma's, cities such as Belgrade or Novi-Sad also have Syrian and Iraqi communities
5 - Simple immigration, please check this short video > https://www.youtube.com/watch?v=_m1PnY1Wiu4

Government agency to contact for details > [email protected] , +38111-339-8900
Easiest is to hire a local investment lawyer who can assist, preferably one recommended by a local Bitcoin association who is familiar with crypto bussines.

Thanks, i have asked my partner to look into it.

Contacted them and got no response...

zlatan07

member

Activity: 112

Merit: 11

Quote from: bitcoinexplorer on January 27, 2018, 03:23:59 PM

Factors to consider while choosing a destination are:-

1. Low tax rate
2. Crypto friendly environment
3. Preferably low electricity costs
4. Muslim friendly country where veil & Hijab is allowed.
5. Easy immigration for Startup Entrepreneurs

Thank you.

I can just suggest you to check Bosnia and Herzegovina.

Here are some of the information you need :

- Here you can find tax rates https://en.wikipedia.org/wiki/Taxation_in_Bosnia_and_Herzegovina
- Electricity costs http://ec.europa.eu/eurostat/statistics-explained/images/8/8c/Electricity_prices%2C_first_half_of_year%2C_2015-2017.png
- Veil and Hija are allowed https://en.wikipedia.org/wiki/Bosnia_and_Herzegovina#Religion
- About immigration, you can check here http://msb.gov.ba/inf_za_strance/default.aspx?id=3068&langTag=en-US

For all other questions, you can contact them at this phone numbers:
tel.: +387 33 213 623
fax: +387 33 213 628
e-mail: [email protected]
or try to investigate on this site http://msb.gov.ba/Default.aspx?pageIndex=1&langTag=en-US

Have a nice day.

zoran.drobnjak

member

Activity: 88

Merit: 18

http://ec.europa.eu/eurostat/statistics-explained/images/8/8c/Electricity_prices%2C_first_half_of_year%2C_2015-2017.png

Link above has electricity price comparison for all European countries.

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Quote from: ?? on ??

I think Sweden is the most suitable country for mining because it is one of the cold countries of Europe, additional costs such as cooling are reduced

What is the cost of electricity in Sweden?
Is Cryptocurrency mining legal in Sweden?
What is the taxation?

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Quote from: ?? on ??

Some Arab countries have a very low cost for electricity so having mining farms down has to be very profitable, the problem is the heat

Yes but they don't have any clear position and as they are kingdoms , you can expect anything anytime, not business friendly.

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Quote from: Tyrantt on January 27, 2018, 07:43:05 PM

Quote from: zoran.drobnjak on January 27, 2018, 07:04:19 PM

Check Serbia.

1 - Lowest Tax in addition to tax deductions and subsidies for investors, please check > http://ras.gov.rs/invest-in-serbia/why-serbia/financial-benefits-and-incentives
2 - Crypto friendly legal framework, for more details you can contact their local Bitcoin association > [email protected]
3 - Cheapest electricity in the area
4 - In addition to Muslims, a sort of hijab is also worn by a number of older ladies and grandma's, cities such as Belgrade or Novi-Sad also have Syrian and Iraqi communities
5 - Simple immigration, please check this short video > https://www.youtube.com/watch?v=_m1PnY1Wiu4

Government agency to contact for details > [email protected] , +38111-339-8900
Easiest is to hire a local investment lawyer who can assist, preferably one recommended by a local Bitcoin association who is familiar with crypto bussines.

Pretty much, the government is trying to make it a lot easier for someone who's not from Serbia to start out a business, and that subsidies are humbly given out to all foreign investors. You have nothing to worry about it being crypto friendly, I don't think that government has any plans considering crypto. As player514, summer can get pretty hot and winters quite cold, so you can balance those two out. Freedom is something that's of abundance here, no one will bother you for whatever you're wearing or however you look as long as you're a nice person. Also, if you're interested, min wage is quite min and there are plenty of people that are more than ready/capable to work if you're not bringing your own team. Good luck.

Glad to know, any idea what is the cost of electricity in Serbia?

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Quote from: player514 on January 27, 2018, 07:10:56 PM

Quote from: bitcoinexplorer on January 27, 2018, 03:23:59 PM

Hello Geeks

I need your feedback and opinion on below mentioned scenario:-

I am planning to setup a IT Company with focus on cryptocurrency and plan to do below mentioned activity:-

1. Setup my own small mining farm (like 10 to 20 miners)
2. Start a Cloud mining venture like Genesis Mining and sell out Cloud Mining contracts by leasing my miners.
3. Other IT activities.

Factors to consider while choosing a destination are:-

1. Low tax rate
2. Crypto friendly environment
3. Preferably low electricity costs
4. Muslim friendly country where veil & Hijab is allowed.
5. Easy immigration for Startup Entrepreneurs

Thank you.

Just a word of advice from myself, you should probably set up those machines to mine for yourself. I think people in general are weary about the idea of cloud mining. After all, why would they pay less for something that has the potential to make the owner more money? Furthermore, many other cloud mining companies have been exposed as scams in the past. Be a little cautious of how you approach the situation.

If you want to look for a place, ideally, you'd go somewhere North to set up, especially where it's a little cooler. You'll reduce the costs that you pay for cooling. Furthermore, the housing prices as you go further north and into the cold, I'm sure, would start dropping drastically, so keep that in mind.

Noted with thanks

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Quote from: zoran.drobnjak on January 27, 2018, 07:04:19 PM

Check Serbia.

1 - Lowest Tax in addition to tax deductions and subsidies for investors, please check > http://ras.gov.rs/invest-in-serbia/why-serbia/financial-benefits-and-incentives
2 - Crypto friendly legal framework, for more details you can contact their local Bitcoin association > [email protected]
3 - Cheapest electricity in the area
4 - In addition to Muslims, a sort of hijab is also worn by a number of older ladies and grandma's, cities such as Belgrade or Novi-Sad also have Syrian and Iraqi communities
5 - Simple immigration, please check this short video > https://www.youtube.com/watch?v=_m1PnY1Wiu4

Government agency to contact for details > [email protected] , +38111-339-8900
Easiest is to hire a local investment lawyer who can assist, preferably one recommended by a local Bitcoin association who is familiar with crypto bussines.

Thanks, i have asked my partner to look into it.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Quote from: zoran.drobnjak on January 27, 2018, 07:04:19 PM

Check Serbia.

1 - Lowest Tax in addition to tax deductions and subsidies for investors, please check > http://ras.gov.rs/invest-in-serbia/why-serbia/financial-benefits-and-incentives
2 - Crypto friendly legal framework, for more details you can contact their local Bitcoin association > [email protected]
3 - Cheapest electricity in the area
4 - In addition to Muslims, a sort of hijab is also worn by a number of older ladies and grandma's, cities such as Belgrade or Novi-Sad also have Syrian and Iraqi communities
5 - Simple immigration, please check this short video > https://www.youtube.com/watch?v=_m1PnY1Wiu4

Government agency to contact for details > [email protected] , +38111-339-8900
Easiest is to hire a local investment lawyer who can assist, preferably one recommended by a local Bitcoin association who is familiar with crypto bussines.

Pretty much, the government is trying to make it a lot easier for someone who's not from Serbia to start out a business, and that subsidies are humbly given out to all foreign investors. You have nothing to worry about it being crypto friendly, I don't think that government has any plans considering crypto. As player514, summer can get pretty hot and winters quite cold, so you can balance those two out. Freedom is something that's of abundance here, no one will bother you for whatever you're wearing or however you look as long as you're a nice person. Also, if you're interested, min wage is quite min and there are plenty of people that are more than ready/capable to work if you're not bringing your own team. Good luck.

player514

legendary

Activity: 1414

Merit: 1039

Quote from: bitcoinexplorer on January 27, 2018, 03:23:59 PM

Hello Geeks

I need your feedback and opinion on below mentioned scenario:-

I am planning to setup a IT Company with focus on cryptocurrency and plan to do below mentioned activity:-

1. Setup my own small mining farm (like 10 to 20 miners)
2. Start a Cloud mining venture like Genesis Mining and sell out Cloud Mining contracts by leasing my miners.
3. Other IT activities.

Factors to consider while choosing a destination are:-

1. Low tax rate
2. Crypto friendly environment
3. Preferably low electricity costs
4. Muslim friendly country where veil & Hijab is allowed.
5. Easy immigration for Startup Entrepreneurs

Thank you.

Just a word of advice from myself, you should probably set up those machines to mine for yourself. I think people in general are weary about the idea of cloud mining. After all, why would they pay less for something that has the potential to make the owner more money? Furthermore, many other cloud mining companies have been exposed as scams in the past. Be a little cautious of how you approach the situation.

If you want to look for a place, ideally, you'd go somewhere North to set up, especially where it's a little cooler. You'll reduce the costs that you pay for cooling. Furthermore, the housing prices as you go further north and into the cold, I'm sure, would start dropping drastically, so keep that in mind.

zoran.drobnjak

member

Activity: 88

Merit: 18

Check Serbia.

1 - Lowest Tax in addition to tax deductions and subsidies for investors, please check > http://ras.gov.rs/invest-in-serbia/why-serbia/financial-benefits-and-incentives
2 - Crypto friendly legal framework, for more details you can contact their local Bitcoin association > [email protected]
3 - Cheapest electricity in the area
4 - In addition to Muslims, a sort of hijab is also worn by a number of older ladies and grandma's, cities such as Belgrade or Novi-Sad also have Syrian and Iraqi communities
5 - Simple immigration, please check this short video > https://www.youtube.com/watch?v=_m1PnY1Wiu4

Government agency to contact for details > [email protected] , +38111-339-8900
Easiest is to hire a local investment lawyer who can assist, preferably one recommended by a local Bitcoin association who is familiar with crypto bussines.

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Hello Geeks

I need your feedback and opinion on below mentioned scenario:-

I am planning to setup a IT Company with focus on cryptocurrency and plan to do below mentioned activity:-

1. Setup my own small mining farm (like 10 to 20 miners)
2. Start a Cloud mining venture like Genesis Mining and sell out Cloud Mining contracts by leasing my miners.
3. Other IT activities.

Factors to consider while choosing a destination are:-

1. Low tax rate
2. Crypto friendly environment
3. Preferably low electricity costs
4. Muslim friendly country where veil & Hijab is allowed.
5. Easy immigration for Startup Entrepreneurs

Thank you.

Topic: Which European country best for Bitcoin mining? - page 2. (Read 844 times)