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Author Topic: is bitcoin profitable in India?  (Read 770 times)
mynameisdon
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February 12, 2016, 02:59:02 AM
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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.

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February 12, 2016, 07:36:10 AM
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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
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February 16, 2016, 06:38:59 AM
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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.
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February 18, 2016, 04:07:55 AM
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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.

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asrilani
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February 18, 2016, 10:04:20 AM
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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.
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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.

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February 21, 2016, 07:34:47 AM
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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
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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.
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