Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: jijikill on August 28, 2017, 08:28:53 PM



Title: Very low electricity fee
Post by: jijikill on August 28, 2017, 08:28:53 PM
Hi guys, because of some reason, the place I live now has super low electricity fee, around $0.02/kwh , should I start mining? My place can withstand around 40 miners I think , I will be starting with 2-3 as I have no much extra cash


Title: Re: Very low electricity fee
Post by: veleten on August 29, 2017, 01:00:06 PM
you have to answer these questions first:
1. are you familiar with what bitcoin is and have you done your homework https://bitcoin.org/en/faq    https://bitcointalk.org/index.php?topic=1944976.0
2. noise,is it going to be a problem
3. heat dissipation,is it going to be a problem
4. power,do you have enough power to operate the miners
5. do you have a legit source of getting the miners from? expect a couple of month's delay between ordering and getting them,unless you buy them from a third party seller

if you are fine with all of the above,you have cheap enough power to be able to achieve fast ROI