can we in Africa really successful mining bitcoin.

[yakdivine]

can we in Africa really successful mining bitcoin?

[1715633369]

1715633369

[1715633369]

1715633369

[1715633369]

1715633369

[vodaljepa]

can we in Africa really successful mining bitcoin?

No

[yakdivine]

can we in Africa really successful mining bitcoin?

No

why please can you explain. We in Nigeria are facing electric problem but those in lybia and south Africa has relatively electricity. I think is a problem of mind set

[Hazir]

can we in Africa really successful mining bitcoin?

First of all this is mining discussion. Secondly your question it a vague  - Africa is large continent, where exactly you want to open a mining farm?

For successful mining you need three things:

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.
2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.
3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

[Backside walkaround]

I agree with above.  Africa is enormous,  so it depends on which country you're in.  The governments there are completely messed up, from what I gather, and I'm sure that's a huge understatement. If you had the money somehow, of course you could set up a mining rig and mine profitably. I'm not sure how many people in Africa do it right now, but my guess is not that many. All of the mining takes place in China. 

Is there anywhere you can spend bitcoin in Africa? I don't have a sense of how popular it is there.

[Supercrypt]

can we in Africa really successful mining bitcoin?

What are the similar advantages an African country will be having when compared to China?
African countries are known for its very hot climate, so bitcoin mining would be a big challenge as cooling process would be significantly difficult. I guess only few African countries will have the saturation levels in electricity power generations and no known data on cheaper electricity across African countries.

[jack1111]

can we in Africa really successful mining bitcoin?

I think Africa has one postivie point and one negative point in regards to mining Bitcoin :
The positive point is the cheap electricity cost if I am not wrong , I heard that some African countries sell electricity to European countries like France , whereas they benefit from solar power to generate electricity .
The ngative point is the hot climate in most of African countries , and Bitcoin mining needs cold climate , for that many Bitcoin mining companies work in northern Europe  where the climate is suitable for mining .

[yakdivine]

can we in Africa really successful mining bitcoin?

First of all this is mining discussion. Secondly your question it a vague  - Africa is large continent, where exactly you want to open a mining farm?

For successful mining you need three things:

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.
2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.
3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

thank you sir, I am from Nigeria the only major problem I no we have is electricity,outside our wether is very favourable.

[Barbut]

can we in Africa really successful mining bitcoin?

First of all this is mining discussion. Secondly your question it a vague  - Africa is large continent, where exactly you want to open a mining farm?

For successful mining you need three things:

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.
2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.
3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

thank you sir, I am from Nigeria the only major problem I no we have is electricity,outside our wether is very favourable.

Do I understand good that you don't have electricity? How do you plan to mine bitcoin then?
I think if you can fulfill this 3 steps successfully you can mine bitcoins everywhere. Cheap electricity, mining equipment and something to cool all that is necessary things, without one of this 3 things you are  doomed.
Africa is really big continent, probably with some good investment there is a way for them to set up mining farm one day.

[yakdivine]

can we in Africa really successful mining bitcoin?

First of all this is mining discussion. Secondly your question it a vague  - Africa is large continent, where exactly you want to open a mining farm?

For successful mining you need three things:

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.
2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.
3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

thank you sir, I am from Nigeria the only major problem I no we have is electricity,outside our wether is very favourable.

Do I understand good that you don't have electricity? How do you plan to mine bitcoin then?
I think if you can fulfill this 3 steps successfully you can mine bitcoins everywhere. Cheap electricity, mining equipment and something to cool all that is necessary things, without one of this 3 things you are  doomed.
Africa is really big continent, probably with some good investment there is a way for them to set up mining farm one day.

ok Sir I pray God answer your pray for us. Thank

[kanazawa]

What most people are saying here is true. I was in many countries in Africa this years, some of them I didn't saw even the expression of Bitcoin... Buy let's talk about where it is present. For example, in Cape Town only few people there do mining bitcoins because electricity is not cheap, but in Egypt energy is very cheap and the community is pretty cool about Bitcoins. I was in Abuja, Nigeria, and it's a good place to do mining too.

[BitcoinSupremo]

It depends on the country , if it is a very hot country like Egypt for example which has almost free electricity it's good. The problem of over heating will be adjusted by adding additional cooling power. This will be no problem as the exchange rate from USD to Egypt local currency is big , so mining bitcoin there would be very profitable. The only problem is someone to be convinced of taking such a step.

In Nigeria if you have no electricity than all the investment you will make for the bitcoin mining will go in vain. Not a wise thing to do.

[yakdivine]

What most people are saying here is true. I was in many countries in Africa this years, some of them I didn't saw even the expression of Bitcoin... Buy let's talk about where it is present. For example, in Cape Town only few people there do mining bitcoins because electricity is not cheap, but in Egypt energy is very cheap and the community is pretty cool about Bitcoins. I was in Abuja, Nigeria, and it's a good place to do mining too.

I lived in Abuja Nigeria, and I think in Abuja one can mining bitcoin with just little running cost. Abuja wether is relatively cool and most time light situation is a bit ok. thank senior.

[Hellacopter]

can we in Africa really successful mining bitcoin?

Its possible, but really very hard. Mining need cheap electricity and hardware and starting a mining farm , and that's need good budget usually and not available for the most African people

[gentlemand]

no one's going to compete with the Chinese.  The combo of giveaway power in certain areas, hardware design and manufacturing plus reasonable and skilled labour is unbeatable.

[yakdivine]

Chinese are doing will because they have advanced technology. One day we in Africa will develop to that level and we will become the grand master of bitcoin and other coins.

[shinratensei_]

can we in Africa really successful mining bitcoin?

What are the similar advantages an African country will be having when compared to China?
African countries are known for its very hot climate, so bitcoin mining would be a big challenge as cooling process would be significantly difficult. I guess only few African countries will have the saturation levels in electricity power generations and no known data on cheaper electricity across African countries.

In Africa it's so hot..... and the temperature of an environment in Africa is not worth for mining at this time and like he are saying you will need a more of a fan for cooling your mining hardware.

[Herbert2020]

1. Cheap electricity - the most important factor. I am not familiar with how expensive power is in Africa.

even if the price of electricity is high there are ways to get a cheaper electricity. like what Chinese are doing. they have special contracts with the electricity providers that makes it cheap for them.

2. Cooling - you will need some serious AC to keep your hardware from overheating. In hot environment of Africa this will be additional costs.

again one of the reasons why Chinese are mining easily is that they are running their operation in the mountains in a naturally cool environment.

3. Hardware - but I guess at this point it is not important where you are, as ASICS can be delivered anywhere.

the problem is not delivery, it can be bought and brought to Africa easily.
the problem is going to be the initial investment and the fact that it will be a lot compared to the competition (Chinese, they get special discounts directly) so ROI will be delayed.

[yakdivine]

That mean those from cool temperature's country has advantage in mining bitcoin, and there have to just concentrate on electricity and bitcoin mining hardware and software. Africa from what I have learned from this treat we have  spend alot in electric, cooler, mining software and hardware and security including time. Roi will be very low. For now I will concentrate my mind on rendering service for bitcoin.

[TastyChillySauce00]

Chinese are doing will because they have advanced technology. One day we in Africa will develop to that level and we will become the grand master of bitcoin and other coins.

i think it's not because they're having any advanced technologies or anything else because i think their rig was the same as what people use in different countries,they're having cheap electricity that could make them optimizing their profit while in most of europe or america electricity is quite expensive