Bitcoin Forum

I have ordered a couple of Antminers from Bitmain. I am planning to create a mining farm in India.

With farm I mean, more than 100 miners/ rigs etc .. and a typical setup later for contractual mining (cloud mining).

1. Who plans to collaborate?
2. Any comments on challenges we may face apart from electricity?
3.  Will this change how people see Indian transaction system?

One place, my machine + your machine + shared cost (A HARDWARE POOL)

PM or Comment or email at sakshamjpr@gmail.com

Nice idea.... I know a guy who might be interested. He's planning on setting up one in Bangalore. I'll forward this post and email id to him.

Setting up a farm in Bangalore is the worst economical idea anyone can have.

Why so? I mean I'm not very knowledgeable about mining on a large scale.... more of a trader. I always thought Bangalore has the infrastructure to run MNC offices, data centres and IT parks and all that stuff right? Isn't that the closest thing to a mining farm? I mean electricity wise? Or is there more to it than just electricity consumption?

There's a LOT more to it than electricity consumption or the infrastructure.
There's the humidity issue, the temperature issue, just these factors alone will send destroy around 20% of your hardware.
At the least of it all lies the electricity rates which is bonkers at Bangalore and other leading metros.

I agree with you as my brother lives in karnataka and tells about the high cost of electricity and how much political parties are corrupt. I dont think if you setup in bangalore you will get lot of government problems as it will create lot of noise and it is not suitable for it.

The noise is not a huge issue at all. No one can make a fuss about what noises you make within your own building. No gov has the right to do it.
But it is the electricity rates, heat and moisture that would make it downright unprofitable to mine in the metros.

Just food for thought!!!

Why not setup in Bhutan :

Electricity: Price is cheapest compared to rest of the world. INR 2-3 per Kw
Climate: Northern part of Bhutan relatively colder and does not require extensive cooling (minimal additional electricity requirement).
Internet: Reasonably cheap. 1MB lease line cost INR 6,000 and is quite stable. Alternative ISP is available in emergency.
Political stability: There is no political unrest therefore disruption of both electricity and internet (backbone of mining) is minimal.

Just saying...

Here's the golden law. Whenever you think of some radical new idea, always assume that someone's thought of it before. Then search for that idea. If you don't find anything, well & good you've found yourself an unique idea & you're well on your way to achieve success.

What I am trying to say is, yes it's a thought of idea but Bhutan may not be the very best of place to do it. Some of us have been talking about it. Some of us have already done it.

I find it hard to believe that some people already done mining farm in Bhutan. Yes, maybe with one or two machines, which is not good indicator for setting up a mining farm.

Can you elaborate on "Bhutan may not be the very best of place to do it". Reason is that although, I have been following this crypto currency for couple of years, I recently invested in Antminer D3 and thinking of expanding lot in future.

I am new to this forum, I am sure lot of ideas and thoughts has been exchanged around here (which i missed). I would appreciate mind sharing your views once again.

Thank you,

thanks :)

I think its a good idea, we cannot just sit behind thinking that someone maybe already doing it.. If every calculation falls correct we should just give it a try, you never know while shooting for stars you may end up on moon . PM me your idea and more about it.. Lets think on making it big.

i am intrested in doing in bhutan if any1 wanna join ur most welcome ....i have office in china aswell so rigs can be bought easyly

Hi everybody

I am from Bhutan and if anybody is interested I will provide land and infrastructure setup. As I said elsewhere in the post, electricity here is as low as USD 0.025 cent (Rupee 2.16 per kW). (link to national electricity website http://www.bpc.bt/electricity-tariff/ )

Considering 70-80% of operation cost goes into electricity, this is HUGE saving).

Other than that, we will also save on cooling since the climate in much colder in northern part of Bhutan.

Let me know that you think.

You need to find some place where electricity is cheap. Bangalore is too costly and finding a place to setup the farm, it would not be easier in less price.

I have also setup ethereum mining farm and faced issue in cooling, electricity is not a big deal we will get it directly from the electricity board but cooling solution needs to be explore for large mining farm.

That is why it is said that mining is not profitable unless you have all problems solves like, electricity cost, cooling solutions, etc. So it is much better that you can start trading in bitcoins and earn nicely better then doing mining work.

nyc thinking

Interesting discussion...

Could you throw some light about the total cost incurred and viz a viz earning from mining. Is it beneficial to still run mining inspite of electricity , equipment heavy costs involved. Also form couple of month ETH value has not increased as compared to btc which has grown in upwards in the same time?

Is it legal to mine in India?

There is no legal framework yet for cryptomining , so at the moment, its neither legal nor illegal.

mine in Eth and convert to BTC at time ETh/BTC goes high

Banning mining would be equivalent to say you can't do math with your computers lol

Can anyone shed some light on electricity prices in India? I thought the rates per kwh are usually higher in India.

getting ~5.8-6 rs per khw at home in chennai
office is around ~8.5rs

Goa, Himachal in India have one of the lowest electricity prices. Himachal would have the cooling advantage though internet connection speeds are bad. Goa has humidity issues. I'd pick Himachal to setup a rig. I am @reviewero on Telegram if anyone wants to discuss collab