Bitcoin Forum
December 18, 2018, 06:25:39 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: is bitcoin profitable in India?  (Read 776 times)
mynameisdon
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250

i am don(ripper's big daddy).i clean scammers.


View Profile
February 12, 2016, 02:59:02 AM
 #1

by rate of electricity compare to foreign is btc mining will profitable here or not.and if profitable then how much compare to other while i could make firm on foreign.

1545157539
Hero Member
*
Offline Offline

Posts: 1545157539

View Profile Personal Message (Offline)

Ignore
1545157539
Reply with quote  #2

1545157539
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1545157539
Hero Member
*
Offline Offline

Posts: 1545157539

View Profile Personal Message (Offline)

Ignore
1545157539
Reply with quote  #2

1545157539
Report to moderator
1545157539
Hero Member
*
Offline Offline

Posts: 1545157539

View Profile Personal Message (Offline)

Ignore
1545157539
Reply with quote  #2

1545157539
Report to moderator
Amph
Legendary
*
Offline Offline

Activity: 2058
Merit: 1003



View Profile
February 12, 2016, 07:36:10 AM
 #2

if you're rate in india is lower than 0.05 it is profitable, otherwise not so much, unless tou trade your hash

based on this, seems they have a minimum of 0.1, not good https://en.wikipedia.org/wiki/Electricity_pricing
mkc
Hero Member
*****
Offline Offline

Activity: 519
Merit: 500


View Profile
February 16, 2016, 06:38:59 AM
 #3

by rate of electricity compare to foreign is btc mining will profitable here or not.and if profitable then how much compare to other while i could make firm on foreign.

India doesn't have reliable power source, it is hard to running a 24x7 miner in India.
squatz1
Hero Member
*****
Offline Offline

Activity: 868
Merit: 619

Flying Hellfish is a Commie


View Profile
February 18, 2016, 04:07:55 AM
 #4

If the power price is low and you have enough capital to be able to buy enough mining machines then you should be able to turn a profit, but as others have said this is all based on the reliability of the power source.
asrilani
Full Member
***
Offline Offline

Activity: 206
Merit: 100


View Profile
February 18, 2016, 10:04:20 AM
 #5

by rate of electricity compare to foreign is btc mining will profitable here or not.and if profitable then how much compare to other while i could make firm on foreign.

India doesn't have reliable power source, it is hard to running a 24x7 miner in India.

That is my main concern. There is electricity shortage in Summer. The summer is too hot there. Electricity supply is not reliable.
Nameless Coin
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


Money often costs too much. –Ralph Waldo Emerson


View Profile
February 20, 2016, 09:00:33 PM
 #6

by rate of electricity compare to foreign is btc mining will profitable here or not.and if profitable then how much compare to other while i could make firm on foreign.

India doesn't have reliable power source, it is hard to running a 24x7 miner in India.

That is my main concern. There is electricity shortage in Summer. The summer is too hot there. Electricity supply is not reliable.

Well yes the price is quite low there but i assume the heat and cooling cost will kill the venture instantly.
Especially with this enormous difficulty increase.

Amph
Legendary
*
Offline Offline

Activity: 2058
Merit: 1003



View Profile
February 21, 2016, 07:34:47 AM
 #7

by rate of electricity compare to foreign is btc mining will profitable here or not.and if profitable then how much compare to other while i could make firm on foreign.

India doesn't have reliable power source, it is hard to running a 24x7 miner in India.

That is my main concern. There is electricity shortage in Summer. The summer is too hot there. Electricity supply is not reliable.

well you can take advantages of those mom ent where the electricity is cheap and run the miner than shut it down

for example i was doing the same on summer, i was shutting down it in the night because it was too hot then i run it again in the morning, this because my mienr were inside my room
Raimonn
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001


View Profile
February 21, 2016, 01:55:51 PM
 #8

You will need a cheap electricity rate, and quality is important too. If you have lot of electricity shortages your minner could be damaged (if you don't have enough electricity quality you can use a Sai, but it will not help you with shortages). If your minner result damaged you will not fit Roi.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!