Bitcoin Forum

Will be here any investors into this project?
At least it will be something interesting in our boring lifes :)

So the idea is to build mining farm in antartica
They say that crypto mining need gold place so I guess antartica is right place for mining farm location :)

Is this a genuine idea? Seems pretty ridiculous really if so.

The cost of maintaining the equipment in Antarctica would massively outweigh any cost savings you might get from not having to cool the equipment.

Simply shipping the mining equipment to the continent would likely cost so much that it would be practically impossible to ever break even, whereas I'm almost certain there isn't a sufficient power source to maintain such an operation.

Beyond this, internet access will likely be scarce, while solar and geothermal options are likely a no-go.

Not such a 'big idea' after all.

Okay :)  good points! 

I really doubt you will be able to even just start to build your mining farm there. Just to let you know temperatures are negative up to -90 °C  :D
It's a very difficult place to access and the winds are katabatic

With 3-4 weeks deadlines for supplies, this, if you have the budget of course, it's not free. You can only use special planes or snowcats.
There isn't Amazon Prime there.
Check out the price to build  a very small wall first, you will change your mind pretty quickly

Mining is not just about temperature, but about the total cost of the operation.

If temperature were that important, china wouldnt be the biggest mining farm.

In Antartica  the cost of transportation (equipment, people, food, etc), energy supply, and so on.
who would create big mining power just to mine in a remote location? Only if the energy was very cheap there. But there is no way to move this energy to another continent.. .so yeah, basically impossible. to mine there.

With big Capital it can be done! 
-90 wow...  :O

Okay I just felt that to shoot it out here


Yes its grazy idea I see now!

The lowest natural temperature ever directly recorded at ground level on Earth is −89.2 °C (−128.6 °F; 184.0 K) at the Soviet Vostok Station in Antarctica on 21 July 1983 by ground measurements.

It will never that cold again on this planet.

Taken from Google...

as it says @bitmover the cost there is very high because the infrastructure there is still very difficult.  if you are able to utilize renewable energy to supply your mining streams then it is a very good idea to build mining farm in Antarctica (because electricity costs are the most important thing in mining farm).

Even Billionaires wont waste up their time and money on doing this thing unless if they do really push it out due to their interest or passion with mining but for sole profitability goals? It will not be included on the list.

Yes,it can be done but those factors above is already a hassle thing plus the cost of expense overall.Yes, this place is freakin cold and ideal for mining but the location,infrastructure and energy source would be a problem.

Haven't you heard anything about Russia? This country has very cold climate and electricity price is acceptable so if getting free from artificial cooling system is your aim, then Russia is your best option out there with climate, electricity price, internet and etc, in overall with combination of all essential things for mining (but sadly you have to import mining hardware from china, yeah? So you have to pay import fees).
And Antarctica - dangerous place for humans because of very low temperature, not different from desert for living purposes so why? You need people who will take care of mining farm and you can't find people that will wish to work in that place.

Situating a crypto mining farm in the Antarctica should be disapprove in entirety.  The Polar region has had enough of humans distortion of it natural ecosystem.
Already due to grasshopper effect,  pollutants travels from the temperate region to the polar region as their settling point,  therefore making a crypto mining farm that would be domicile in such region is uncalled for.

Depends on whether you are asking for money without having developed it or halfway into developing and now asking for some funding. It seems you are in the first group which is 99% of the projects that are posted here.

I prefer the clam and so-called "boring" life than giving out money to projects without MVPs and then dying with the anxiety created from how much return they would give.

Where did you find this statement?

Besides the cold temperature which is a plus point, you have to check electricity prices and maintenance costs for the mining farm too. Without those how are you going to keep it running?

But first of all you need to survey the area or at least get ownership of an area. Not sure how you would do that in Antarctica without some large scale funding for which this forum is obviously too small.

instead of focusing on temperature you should focus on another more important factor: electricity.

now if you can come up with an idea that could help you produce electricity with little to no cost then you can use it to both power up your equipment and cool them down.
one idea could be using natural green ways of producing electricity such as using the sun (solar panels) and the wind (wind turbines).

Better places might be somewhere in Canada or Greenland .. or some place with a minimum number of human beings and some infrastructure in place already. Antartica is full of penguins.

Would be a waste considering Bitmain's 17 series minimum temperature spec is 0C. There are people on here having problems with them where they won't even hash at colder temperatures.

We can only see this in a movie, I don't think it's worth it, I have a suspicion OP is asking for a consensus for ICO, or a project like this but anyway I looked at it, like what you've said the cost outweigh the profit, it's more profitable in a country where there is a light sun, for solar power mining.

Any place that is cold enough to negate cooling costs would have everything cost extra due to the cold. 

It doesn't have to be in those particular countries, although I hear a few mining farms are in Quebec/Montreal/Canada, some are in the northern states of the US like Washington, mostly the ones with low electric costs.

The tropical or warmer countries aren't any better since cost of electricity is probably higher, if not the same, plus you'd need to still keep the miners cool enough to work.

It helps that there is some sort of infrastructure in place already. It doesn't need to be a big city, anywhere there is some sort of industrial / warehouse type section would do.

Both north and south poles are inconvenient and uninhabited.

Why would electricity be more expensive in warmer countries? These tend to have better access to oil and natural gas, plus they have a higher sunshine percentage so they're better candidates for solar too.

I haven't done the research, but I suspect if you plot average temperature by average unit price of electricity in developed countries, you would find it to be cheaper overall.

That said, electricity costs are just one part of the equation—most hardware manufacturers only ship to certain regions, while attempting to ship outside these regions incurs an additional cost (e.g. import duties, tax and customs charges).

My bad, just my experience that a lot of 2nd and 3rd world countries happen to be the warmer ones, except maybe Australia. Government plays a part in why the electricity is more expensive, even if the power generation companies are privately owned.

I think someone made a map of the cost of electricity world wide.

Good idea ;) But where will you take electricity for your mining farm?)

Didn't you know that 14 million km² of ice is an incredible source of energy?!

It also has excellent transport links with Chile and Argentina—two of the largest sources of Bitcoin mining equipment. /s

Yes, due to its location at the South Pole this place has a huge potential for solar energy and it tends to get significantly more sunlight than other places on the planet. That's why it is so cold in  Antarctica ;)

First of all, you need to sign a partnership with Elon Mask to build a solar power station in Antarctica.

Probably set up some solar satellites in stationary low earth to mid earth orbit that then microwave their energy back to a receiving station on the ground.