Bitcoin Forum

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

to mine bitcoin you need electricity, internet, equipment (ASIC and cooling) and a place to put all these. so any place on earth that you can have all these in, you can also mine bitcoin there.

being profitable is another discussion though. you need to see how much it will cost you to mine bitcoin and maintain this operation and how much you will earn. then see if it is profitable. for example the most obvious cost is the electricity cost which is different in every country and sometimes different cities/regions in the same country. and also you may have to pay taxes to mine bitcoin.

the geography of bitcoin mining depends on the profitability of the mining site. it is possible to produce profitable in the mountains, where you can build your own hydroelectric power station and have cheap electricity, for a balshy plant for bitcoin mining, to organize a good Internet access will not be difficult.

If you want to get a bitcoin, you have to have at least a computer in your hand and you know about the technology you are using as well as you have to have electrical power for the task of charging, besides you have to have internet connection.

the idea of bitcoin mining with the help of your own computer has sunk into eternity. now bitcoin can be mined only in factories and plants for the production of bitcoin. Therefore, the geography of bitcoin mining comes in first place. The location of the plant and the mining factory must have many factors, both economic and political.

I think Africa is the best play for mining of bitcoin because there the electricity is very very cheap in respect to other countries, so mining there could be very very cheap and beneficial and moreover people there in Africa are honest enough so that hacking wallets of bitcoin is also very uncommon so you can get very good proportion of profit when you mine your bitcoins in Africa and Venezuela is also good for mining bitcoins.

Africa is not a country it is a continent and it has different prices and availability of electricity in different countries.
http://cdn.iopscience.com/images/1748-9326/6/3/034002/Full/8215102.jpg

Venezuela? You kidding right? Miners are being jailed in that place, and it looks like the government wanted to have a total monopoly of bitcoin mining.

Africa? Don't think so. How about the infrastructure? How about the climate and the weather? Internet connection speed?

I don't know how cheap electricity is in Antarctica, but as far as the weather, it looks conducive but you have to look at other factors as well.

In Venezuela, bitcoin mining has long been put by residents on the stream, this is one of the ways to survive hyperinflation, to live on bitcoins.

you can not mine bitcoin with CPU or GPU anymore, that much we all know.  you need an ASIC miner to mine bitcoin but that is not a gigantic machine that you have to put in a "factory"!!! it is a small object (imagine size of your PC's power supply) that you can connect to your PC and mine bitcoin with it.

Yes you can mine bitcoin anywhere on earth if you have an equipment, like Highest PC reg, electricity, and of course the internet connection. The best place to mine is in the cheap cost of electricity and speed internet connection and I don't know if in Antarctica is like that.

MEGA note to newbies.. we are NOT in the era of mining using PC's.. so its now based on ASICS equipment

the figure of venezuela's 'cost' is just the electricity price. and does not consider the cost of the ASIC's needed.
also its not really a geography lessoon its a math lesson

(note anyone that was following my asic cost/btc maths a few months back... ASICS were $3k a unit last batch)

for those that love math
get the network hashrate(30,616,246) based on recent stat on
https://blockchain.info/charts/hash-rate

get the price of a S9 ($3000)  - - previous batch
get the price of a S9i +PSU ($938)  - - next batch delivered June
https://shop.bitmain.com/?lang=en

then basing it on a 1 year longevity of the s9 before upgrading
knowing bitcoin makes ~1800btc a day *365days
=657000btc/year

30,616,246 /14 = amount of asics running the network
=2186875 asics

cost of all asics
previous batch=2186874.714285714*3000
=$6,560,624,143

next months batch=2186874.714285714*938
=$2,051,288,482

then cost per 1btc can be worked out
$6,560,624,143/657000= cost per 1btc previous batch
=$9985

$2,051,288,482/657000= cost per 1btc next months batch
=$3122

excel
cell A1=hashrate in terra hashs
cell A2=cost of s9
cell A3=(((A1/14)*A2)/657000)

...
i based my costs/btc to estimate bitcoins base level value support on the previous batch, which in the last 3 months of hashrate variance. put the value between $6523 (excel A1=20000000 A2=3000) and $9784 (excel A1=30000000 A2=3000)
which seemed to be the area that bitcoin was trading at $6523-$9787 (so i was happy with that). because of course miners would be stupid to sell for less, so yes they would have a support line at their cost

without knowing the future hashrate for when the june batch arrives. i wont attempt to estimate the 'cost'/btc in the future. ill leave that for speculators

 i can see some pools who already might have received privelidged access to the new batch are reaping the benefits which explains why the exchange price supports are going down below last batches 'cost'/btc

.. but i will say as ASIC farms update thier equipment as old equipment fails/farms expand and re-acess their costs. if the whole network was to do a complete swap out in june(not gonna happen that quick so relax) then by time they are all running, then.
the hashrate would need to be about 60exahash(60m terrahash) to keep a mining support above $6k/coin
the hashrate would need to be about 90exahash(90m terrahash) to keep a mining support above $9k/coin

but again. without knowing how many asic farms will switch in june. and what the actual hashrate would be.. ill leave the future price support lines to speculators to estimate

https://bitcointalk.org/index.php?topic=3395449
this project promises to bypass the performance of all existing ASICS in two, it is also the geography of bitcoin. where and which countries will start making equipment that will become the flagship of the mining industry and will change the geography of the main bitcoin mining.
China and Canada their choice

Cheap electricity is the thing which makes crypto mining easy acceptable. You simply need to Google the country with the most cheap electricity, well, I did it instead of you and Google actually gave me different results in every link. Some link says it's India and another one says it's Kuwait.

States are increasingly beginning to fight bitcoin and perhaps the main factor in the geography of bitcoin mining will soon be not cheap electricity, but the possibility of importing equipment to the country for its production. you can put under the ban ASICS.

It seems Venezuela is the only country where we can mine a bitcoin under $1000 electricity bill.

Anyway, never heard much about bitcoin mining in Venezuela.  Do Venezuelan regulators allow bitcoin mining?

The provinces of China are the hotbed for the miners right now due to its strategic location: cold temperature, ample amount of geothermal and hydroelectric power + low operating costs. Places with cheap power automatically comes to the list of places to establish a mining operation, but one must also consider the overall climate since it will help you decrease your power costs in the long run. Iceland is one of the best places right now to get your mining farm on its feet since, like the rural parts of China, power is cheap, climate is good, plus overall operating costs gives you a nice leverage in the mining game.

Usually miners are trying to balance 2 factors. The first one is the climate as the lower the temperatures are the better it is for the equipment. The second one is the cost of powering it all up. If you have cheap electricity in the warm climate you'll have to spend some of it on the AC, the other way round, you'll pay a lot for power but won't have to worry about additional cooling. China used to be great because it provided cheap power and mild climate. Russia also seems to be decent with its cheap power and cool weather.

this sound great on 2024

Venezuela is the most profitable country to mine Bitcoin because the Venezuelan subsidy the Venezuelan government offers on electricity consumption is about $ 531, and that is a definite advantage because mining is so much using electricity.

Damn that's one cheap Bitcoin!$530 is insanely cheap.  Shame electricity is so expensive over here in the UK, all swings and roundabouts though I guess. lol.

Don't you think a life in Antarctica would be very expensive? You can't live there normally. You have to spend a whole lot of money to live there and do your mining. But, wherever the internet cost, utility cost are low and the mining equipment are less expensive, AND the living cost is low for a person, that would be the best place for THAT person for mining.

I think Antarctica has to be one of the most expensive places to mine Bitcoin, think about it.
Yes, you might have free cooling, but everything else is way more expensive.

Enormous cost to move everything there, huge initial investment to get power there.
You could opt for solar, but you have 6 months of complete darkness, so you need something else.

How would you go about getting a decent internet connection? Not sure if Bitcoin mining via satellite internet is viable.

In those days when I began to be interested in the crypt, the idea of ​​Bitcoin as a "digital gold" seemed to me simple and obvious.
In fact - a fixed number of coins, independent, decentralized and indestructible block. Let it be with some reservations, but it's all true. However, now virtually all crypto currencies are used as a speculative high volatility asset and BTC is no exception. To Bitcoin really become "digital gold", its adoption in this capacity is a significant part of society. For now, there is a certain percentage of holders, there is a share of speculators and a huge number of people who are not interested in crypto-currencies or are disappointed in them.

Without a public consensus, Bitcoin can only pretend to be a savior from the devaluation of currency in a particular country - if, for example, in Russia, hyperinflation begins, investments in BTC will perfectly save your money.
But, if there is a global crisis and a stock market fall, then from the Crypto-currency, including BTC, speculators will take out dollars in the first place.

I hope this situation will change in the foreseeable future, but for now, I see it like this.

In Russia there is no legislation on crypto-currencies yet. Everything that you will do there - at your own risk. Now the first law on crypto-currencies is being discussed - let's see whether it will be adopted. If so, you will have to pay taxes from the mining.

what can be expensive in Antarctica, electricity? but it is not yet there nuclear power, there are mobile nuclear power plants. Internet, but it has not yet paved fiber optic communication lines. Is it possible to build only for bitcoin mining, perhaps if we are going to build factories occupying many hectares. for the construction of one farm is not profitable.

I think you need to find the country with the cheapest electricity cost, not the extreme temperature and also the support location. Examples are Malaysia, Vietnam, and Thailand. I think the cost of electricity there is quite cheap compared to other Southeast Asian countries.
The cost of electricity in Thailand is Rp728 (0-15 kWh) and Rp1226 (36-100 kWh),
Electricity cost in Vietnam = Rp 864 (first 0-50 kWh usage) and Rp 894 (for next 50 kWh), whereas
The electricity cost in Malaysia is only Rp 652 (for the first 200 kWh) and Rp 1038 (for the next 100 kWh).
And I think in those countries there are only a few bitcoin miners, they do not mine, not because they are not interested but some of them still do not know about bitcoin and its benefits.

It is true that we can mine bitcoin in different regions and that includes Antarctica, but I think if we want to get a cheaper cost in mining operation costs, we can do in South Africa because the electricity cost is still very cheap.

Basically, anywhere that has cheap electricity and labour. China and certain US cities seems like those are good choices and those have pretty good laws. China seems to have the most amount of miners with BitMain being situated them. The shipping costs for ASICs are extremely low.

It is true that we can mine anywhere in the world as long as there is operational equipment such as electricity and the Internet, and I think that Antarctica is very good with cold weather and makes mining machines less hot to use.

the link is an ICO and ICOs promise all kinds of crap to get people to invest in their crappy token so that they can earn a lot more money. last year i saw another one promising to deliver cheap electricity for miners anywhere around the world and people were actually excited about it for some reason. long story short they took the money (like all the other ICOs) and then stopped even being around.

Bitcoin is most profitable to mine in countries with a cold climate and cheap electricity. Most of all miners in China, because there is cheap electricity. Beneficial maynit bitcoin also in some regions of Russia, for example, in Siberia. Siberia also has cheap electricity and a cold climate.

To make profits from bitcoin mining, many factor to reach it. Like price electricity and the stability because electricity is most dominant cost in bitcoin mining. Every country have different electricity cost and I think China is dominant in bitcoin mining

some miners use nice things to mine on their base

in all the information from them I was interested only in geographical choice. once they have chosen during your ICO, so this georaphically area is well sold. If it sells well, then in the minds of most miners it is something attractive for mining at the present time. whether it will remain so in the future I do not know, China is struggling with miners and survives them from the country.

bitcoin mining requires very large electrical power so that it requires expenses that are sometimes not proportional to the results obtained mine. maybe you can get a higher profit from bitcoin mining if you have your own power plant. my friends take advantage of the river flow for their own power plants.

I think the most profitable place to mine is obviuos that place, where you can buy cheaper hardware and pay less for elecrtricity bills

THere's a reason why people aren't mining in Siberia. It's so secluded that if anything goes wrong you're on your own, thousands of kilometres from civilisation and possible help (hospitals, police). Nobody wants to live in some forgotten rat hole, even if it will be a bit more profitable than doing the same thing in a warmer country.

I think mining is less useful if we are in developed countries because the value we get from the mining will be very small. but if mining is done by a person in a country with a low currency in that country then the mining will be highly valuable and may be a reference to collect the purse coffers of money

Bitcoin mining is one way to keep a history of transactions or the movement of money from one person to another.

mining in Siberia bitcoin, this is similar to gold mining in the rivers Siberia. Perhaps the people of Siberia are faced with a choice of which of the two production is more profitable in the current time.

Antarctica is not open to every person, I think only researchers and some group of tourists are allowed, business is unthinkable, you could find lots of cold places with cheap electricity

The warmest weather in Ushuaia by months and in General in Argentina is in January, December, February to 12.5°C. at the same time, the lowest ambient temperatures are observed in July, June, August to -0.8°C. for lovers of night walks, the figures range from -3°C to 4.4°C.
In the Strait of Magellan many islands suitable for mining.

For bitcoin mining, the most important factor is cheap electricity and high-speed stable Internet, and the roads to get farms to their destination, and it does not depend on the country, unless there is a tax on mining.

The price of electricity on the planet varies depending on a number of factors, including government subsidies and the availability of natural resources. They also influence the cost price of the energy-intensive equipment intended for the crypto currency.

in some countries, private electricity production is allowed, and own electricity production may be significantly lower than the cost of electricity available on the market in the country.

like Highest PC reg, electricity, and of course the internet connection. The best place to mine is in the cheap cost of electricity and speed internet connection

countries are introducing new rules and laws. It is possible that electricity and the Internet will go on the second plan, may come to the fore licensing measures and taxes.

I think mining on earth is the best because the temperature of the earth is compatible with the set of mining tools, know in different places the earth has different temperatures so I think mining has to adjust the temperature so that the mining circuit has no problems and can run normally.

i think it does not depend on place, country or city, you only need internet, Pc and brain to think, that's all, you can travel all over the world and earn bitcoins

One must also consider the overall climate since it will help you decrease your power costs in the long run. Iceland is one of the best places right now to get your mining farm on its feet since, like the rural parts of China, power is cheap

I think that in the near future the first plan will not be the location of ASICS but their performance. The main thing will be closer to the manufacturer of ASICS and be able to quickly replace the entire farm with new ASICS. who will have such an opportunity, he will have a profit, and the rest will warm the planet.

Lol. You can setup mining rig anywhere but considering that your rig should be in at least convenient place where it is guaranteed to not to freak out because of an unstable environments. You said that you plan on making rig in Antartica and I know your joking for that. Expect always that your rig will heat up when you build one, so a proper ventilated case is gonna be a good thing to go when you do mining.

it is possible that countries that are loyal to the production of bitcoin and its sale on their territory can become attractive. the main thing is that there should be no large losses from the customs fees for import to the territory of these ASICS countries.

bitcoins spectacular rise in value over past years 2017 from less than 1.000$ per coins to cover 10.000$ per coin has captured the world's attention. bitcoin is one of many cryptocurrencies that are digitally mined and recorded on a digital ledger known as block chain. bitcoin is decentralize currency,and can be bought and trade anywhere with an internet connection.

Lol. Africa is not condusive to bitcoin mining because of the hot weather and the infrastructure is ready. Venezuela? are you sure bout that? They are in economic turmoil and those mining there has to take a lot of risk because the government is clamping down. And if you are not aware, in the beginning of the year, bitcoin miners were caught and jailed.

Europe, Russia and China are really good for bitcoin mining. However, we know that China has made its U-turn already and Russia still undecided, and totally contradicting itself. So maybe Switzerland and other parts of Europe, where electricity is cheap and the weather is really favorable to bitcoin mining.

maybe in a country that has geographical conditions such as cheaper electricity costs, such as a platsburg city in England, cold conditions dominate, as in Switzerland, and also a good internet network.

but you also have to pay attention to mining methods, you better use an expensive tool, and the results will make you satisfied.

To exploit Bitcoin you need to invest in machinery, geographic location digging, weather to ensure the excavator

I think the best place to build a mining company is country with cold temperature, also that place must have strong wind to build own wind power plant to supply your mining equipment

the most common electricity production on the planet is hydroelectric power, as the cheapest source of electricity. micro-hydropower is often built in mountainous areas where only a minimum of costs is required. In addition, in the highlands of the cool weather, which makes a profit from reducing the cost of refrigeration for arbitrary bitcoin. Another advantage of the highlands, is the ability to create a good protection around the super bitcoin factory, also gradually coming to the forefront of production protection in different regions.

I've always been curious what % of BTC miners are getting free power thru some loophole or cheat. I imagine its fairly high.

To make money as a bitcoin miner, the only things that really matter are scale and access to cheap electricity. That’s sent bitcoin miners scurrying all over the Earth looking for low electricity prices.For this reasone
I think Russia is the best place for mining of bitcoin.Because russia offers some of the cheapest electricity in the world and focuses on less environmentally challenging power generation such as natural gas, nuclear, and hydroelectric, with coal only making up 18 percent of the country’s electricity generation, and Russian President Vladimir Putin is reportedly looking to take full advantage of his country’s resources.

entrepreneurship, any business requires acumen and resourcefulness, as well as the most important professionalism in the business in which you are engaged. find the cheapest energy production, find the most productive equipment, find the most efficient way of permanent operation of the equipment and you to the top in the production of bitcoin.

Yes, bitcoin can be mined in any country of the world. But there are two problems. The first is the cost of electricity. The second is the increasing complexity of the network, which makes mining unprofitable.

Yeah, bitcoin can be mined from anywhere on the earth as long as you are connected to the network. Now the spreading actually depends on lots of factors. Electricity is one of them. You will see more miners on places where electricity is cheap. You will be seeing lots of mining farms with huge hash powers over there since the can actually make profit after spending on utilities and maintenance. Availability and legality is also another factor which influences the miners.

it remains only to conduct a survey, where all these factors converge: low cost of electricity, low cost of maintenance, low customs value for the import of equipment, the legality of bitcoin mining and guaranteed safety .

Bitcoin is one of many cryptocurrencies that are digitally “mined” and recorded on a digital ledger known as the blockchain. The blockchain also keeps a record of the movement of bitcoin from one owner to another, and all transactions are secured using cryptography without the need for government oversight. The ability to transfer money without the use of a bank , and without any oversight or control from national government...

I don't think the location can have any impact on bitcoin mining. Other factors, Internet, communication quality, quality of equipment influence the production more.

The geographic location of the equipment for mining has no physical significance. In one country, electricity is cheap in the other, expensive, this is the benefit. In one country it is forbidden to mine, in another they do not even know what bitcoin is.

Not sure where you'd get all the necessary power there. Although I don't know much about it, other than seeing a bit about the science stations and the scientists who go there.

Unlimited free power is where you'd make the most money. Or close to free. Apparently some places in China are set up right next to hydroelectric plants and get some of the world's cheapest power.

You don't need to go in other country to seek cheap electricity to do crypto mining, you can do it by your self by investing alternative green source of energy like solar, it is expensive to buy just one mining hardware so i think you can able to invest also for the power source of your hardware need, it is just a onetime investment and you have an unlimited power after that.

Good question.

There are people mining in my country with crazy energy prizes.
This is ompletely not proffitable unless you speculate on huge price increases. And even then it would be more profitable to just buy btc instead of mining it.

I saw some overview on internet with the BTC mining price per country a while ago.
You should be able to google it.

Some places are best for mining Bitcoin. Where electricity cost is very low and had a better internet service. And latest equipment are necessary for mining procedure. It must be keep constant.

well, so the quality of communication, good Internet, cheap electricity, good staff to accompany, all this depends on the geographical location of production. Each state controls this production and creates either acceptable or unacceptable conditions for the production of bitcoin.

best regards from me from asia, mined bitcoin wherever can because the most important thing is tool, its property and its place. for bitcoin with the current level of difficulty does require a lot of mining equipment to gain profit. therefore for people who have limitations with capital, may be turning to other altcoin because with various considerations especially profit.

Mining bitcoin needs one to be equipped with tools, and knowledge. You need bigger capital than mining altcoins but of course you earn bigger. Hello, from Asia here, warm regards to all.

Five years in the past, that could have generated a respectable bump in electricity consumption, but keep in mind, bitcoin mining is designed to apply greater sources as time is going on. To hold up, bitcoin miners have had to make exquisite leaps in scale. In 2012, a bitcoin mining outfit would possibly have measured its consumption in the kilowatts.

Seeing as AFRICA is a continent..

Electricity is SOUTH Africa is neither cheap or reliable.. as for the honest statement, I don't know where you got that from. Hackers are everywhere my friend and dishonesty is not geographical.

hackers live all over the planet and in Africa they will not need to come to remove passwords from incorrectly stored bitcoin wallets. the security of the plant is very dependent on the security of the state in which the farms operate, this is also not a small item of expenditure in the mining of bitcoin and has a geographical feature.

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I think obviously the most profitable lace and Pearl when you can mine Bitcoin it is the place with lowest electricity bill price, lol. Or the place where GPUs are the cheapest.

https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06

heres quite good list. Dont think Antarctica is cheaper, than Venezuela. That would make no sense, as production cost of energy depends very much on source of energy and system of taxes.

So, I think, the best You can take out of thos pyramid, is in Venezuela.

not very clear why it was built this top and why in uzbekestan 1788, and in Russia, 4675, Canada 3965, and China 3172. that Uzbekistan has more electricity and is cheaper than China and Belarus 2177?

Bitcoin mining is not as simple as you think, but exploiting Bitcoin is the most profitable in the world. I think Africa and Venezuela are the best countries for Bitcoin. There are less electricity costs than other countries.

what's cheaper than electricity from the mountain stream in the Alps? if you buy electricity from the outlet from the state, it is possible, but now there are many ways to produce it in an alternative way.

If you're talking about geography, most miner considering low electricity cost area and also has lower temperature climate which is why some companies do mining in some suburban area even inside a cave. However consider the percentage return of an investment, if the place for mining bitcoin is remotely far eventhough low cost bill can be a plus side, we should also consider the allocation fees to remove the equipment needed and logistic also become another output cost which is why there is no best place for mining rather than how you manage to lower your cost will be your plus side in mining bitcoin  ;D ;D

the best countries are in Asia

About profitability I think it will only depend upon the demand and the price of bitcoin since you already said mining can be anywhere but when it comes to temperature since miners need cool temperature to avoid overheat indeed antartica is the best. But there are no resources there and for you to mine there you need to bring all your resources to set it up and I don't think it will be budget friendly

As I heard, the most profitable country for mining is Venezuela! Let's go there!)

many times I hear here in Venezuela, but I do not see any guy from Venezuela who would be interested to produce bitcoin in this country in factory scales, I do not know any pool in Venesual for bitcoin mining.

venezuela is a new country that legalizes bitcoin, now crypto growth there is very good. and venezuela able to build a stable economy after creating petro.

but, I think that in terms of electricity costs, Venezuela is not a good place for mining.

so, I think good mining always has good support too.

Maybe antartica is good place to put the equipment because its cool but its hard to find electricity source. China right now is country with many miner in the world because electricity cost in china is more cheap.

From what i am read, the most profitable is in Iran. I am reading on social media, that miner only spend $600 for electricity to produce 1bitcoin. Its very good profits because bitcoin price right now at $6700.

the most cheap electricity and most cheap internet provider , if their are a country who has that it will be the best if you can buy cheap gpu go with that because gpu from now is very expensive goodluck with you mining rig.

 I've heard that so far in 2018, there is no more benefit from mining bitcoin until you are having the great performance system, which would cost you millions of Dollars. So I think it was beneficial in the past, but not for now.

each new equipment doubles the performance, arms race, mining centers is permanent, if you do not invest in the upgrade, you can no longer recoup the cost.

I think mining is the easiest  way to earn in eye of some other people but for the  investing is the best
because it is the safest and more profitable to investment through a high returns on capital.

I've seen the table the other day with mining costs and countries like Myanmar and Ukraine looked the cheapest option on electricity. But you should make sure of insurance and safety too

Why do you think Antarctica? :)
Most profitable where cheap electicery.
Check price US cents/kWh https://en.wikipedia.org/wiki/Electricity_pricing

because electricity can be produced independently in any place where it is needed and sometimes its production is several times cheaper than from the usual sources. in Antarctica can prigoditsya the usual array of thermocouples gives a lot of energy on the temperature differential of water and air.

i think that its all over the world almost in every piece of it. if u have brain - u manage to do it

the brain is of course needed when creating an industrial scale mining factory, but external factors are also important. you need to be competitive in the global production of bitcoins, and this cost reduction and snow risks, as well as stable operation of mining factories and a constant increase in capacity.

for bitcoin mining, I suggest finding a location that is safe from earthquakes or other safe disasters and for electricity use it must also be cheap and have very cold temperatures.

The actual geographic area from the gear with regard to exploration doesn't have bodily importance. In a single nation, electrical power is actually inexpensive within the additional, costly, this is actually the advantage. In a single nation it's not allowed in order to my own, within an additional they don't actually understand what bitcoin is actually.

cheap electricity is an important factor, but the cost of equipment placement the cost of purchase and delivery, deployment and start-up and availability of cheap specialists for large factories is also an important factor.

According to me, in bitcoin mining main aspect is electricity. Then you have to choose a place where the manufacturing cost of electricity is cheaper. Venezuela is the best place for bitcoin mining, where you can mine bitcoin at the cheapest rate.

It's not really surprising that most of the bitcoin mingers are from China.  Thats were most of the manufacturers are because of cheap costs and the electricity their is super cheap as well.

It should be in a cold place to lower the usage of enegry for cooling. Now there is a new idea and ICO which is Swiss Alp Mining. They are located in Alps of Switzerland and their recipie is quite acceptable. You can their idea and all Project in here: https://swissalpsmining.io/ (They raised more than 10 millions of dollar yet)

Well, there are many countries is geographically and economically suitable for mining of bitcoin, but it can be mined anywhere on the earth.
But for this you will need the appropriate amount, energy and most important cool atmosphere. I feel that it is not possible to without the permission of any countries government to establish Bitcoin mining and use energy. Because in India it has been banned, and its mining is also illegal and i am very disappointed for this. But if my government legalize it and also gives permission for mining, then i will become very happy.

There are actually projects regarding the mining of bitcoin. I have seen advertisements about mining bitcoin and they endorse it with things such as good electricity supply and renewable energy. Most of the time, it is European countries that I've seen from those advertisements. And the places are in Europe as well.

in addition to electricity, large investments need to be reliably protected from third-party attacks on equipment, there are countries where the import of equipment for production is taxed. this all will have to be taken into account when choosing a place and country of production.

I think as long as they have electricity, you have a computer and tools needed you can mine anywhere around the earth.
You should also know the effect of bitcoin mining like the increase of he electricity bill.

It's very simple. We all know that it needs a lot of electricity and internet connection is a obvious thing. And another important thing is it need a cold place so that the setup remains cool. That's the reason you wrote Antarctica. Just to make it more simple ask google which country has the lowest price of electricity along with internet connection. If electricity price is low then you can afford an air conditioner to keep everything cool right?

but now, it is easier to cool the air in the room than to go to the cold continent. there are already technologies for immersion in baths with special liquids that significantly better support the temperature regime. this makes it possible to expand the geography of mining.

I don't think so that there is a place in which you cam do mining better because I believe that you can mine bitcoin anywhere in this world but in terms of highy votality maybe there is a better place.

Antarctica may be the best place to place the generic bitcoin mining. Electricity is very low here, and the temperature is shallow. So, you do not need to use a VGA-powered device to lower the heat, so this will reduce your investment costs and increase your profitability.

Maybe all the same at Cape Horn will be better to mine bitcoin, there is everything for this to have a successful production and do not have to move to Antarctica...

I'm wondering if all the institution are leaving stock market to be prepared to entering onto to Crypto market ?!?! 🙄
What do you think ?

in Canada, a lot of electricity, a lot of water, for some reason, few people offer to place plants for mining in Canada. Why?