I'd like to set up a BitCoin Mining operation. 

How favorable is it to mine bitcoin in a country with extremely cheap electricity and no regulation? (1/8 price of US avg)

if so

What startup hardware do would be recommended?
What are big bandwith requirments?
What's the level of technical expertise required?
What are more or less the level of costs required for a small scale operation?

We have $20,000 to set this up.  Would be interested in hearing the best equipment and solutions out there.

Thanks.

PajaroLoco