Topic: Why Bitcoin mining is so popular in Iceland? - page 2. (Read 217 times)
Japan is also a viable place to start a mining farm with their huge options of electricity providers, some cheaper than most. Although they get hot during the summer but its based on location.
The whole point of mining is to earn profits and any place offering cold climate enough to keep the mining machines from overheating and acting as a natural coolant saving money for an artificial one and on top of that if there are sources from which energy in the form of electricity is available that's just a cherry on the cake saving far more money as electricity would get cheaper and making the most out of mining. The only drawback is the expensive graphics cards used for mining which can be neglected as mining in these reasons would be profitable and would be enough to get all those extra pieces of machinery used for mining.
Iceland and Sweden are natural choices when it comes to cryptocurrency mining operations. Their inexpensive electricity and cold climate make mining friendlier naturally.
Know More: Why Bitcoin mining is so popular in Iceland?
Know More: Why Bitcoin mining is so popular in Iceland?
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