Which country is the best one for setting up mining farms?

[hl5460]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I was contacted by Chinese medium-size mining operators. Let me know if you have connections.

[1714829979]

1714829979

[1714829979]

1714829979

[1714829979]

1714829979

[Pursuer]

interesting question and that reminded me of what someone was talking about last year (maybe not 100% related to your question). I don't know if he was trolling or was really doing it but it sounded very interesting.

mining in the middle of a desert!
you will get the below 0°C temperature during nights which last nearly 9 hours. and then you get the direct sun (the free source of electricity) for the rest of the day which you can use to power up miners and set up a efficient cooling system.
the setup may need a big investment but the cost from that time forward is practically nothing.

[whirlcoin]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I think mining farms will be more profitable if they are located on Africa and India because the electricity rate is more cheaper than other countries I think.But im not an expert in the mining and it's profits,I will looking forward for the suggestions of this thread to know more about best place to build mining farms.

[Pursuer]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I think mining farms will be more profitable if they are located on Africa and India because the electricity rate is more cheaper than other countries I think.But im not an expert in the mining and it's profits,I will looking forward for the suggestions of this thread to know more about best place to build mining farms.

it is a lot more profitable to mine bitcoin in India not just because of the electricity cost but also because bitcoin price has been higher over there for a long time now. and as long as the problems that cause this higher bitcoin price persist, things will remain this way.
there is a similar situation in Zimbabwe. and in fact there are people mining bitcoin there, and then using the coins they mine to buy food oversees and then import that food into their country and sell it and make a good profit this way.

[mk4]

interesting question and that reminded me of what someone was talking about last year (maybe not 100% related to your question). I don't know if he was trolling or was really doing it but it sounded very interesting.

mining in the middle of a desert!
you will get the below 0°C temperature during nights which last nearly 9 hours. and then you get the direct sun (the free source of electricity) for the rest of the day which you can use to power up miners and set up a efficient cooling system.
the setup may need a big investment but the cost from that time forward is practically nothing.

That's actually.. quite smart.

When I'm thinking of good places to plant a mining farm I've always focused on low temperature countries and countries with low electricity cost. The desert would be the last thing I would've think of. That's an interesting idea, though I don't know how you're going to setup a cooling system for temperatures THAT high.

[Mjeramirez]

I think somewhere near the polar region, like Norway or Iceland. Cooling system for bitcoin farms is one of the main contributory in electric consumption, super conputers and hardwares used for mining requires this so that will not overheat at the same time performs maximum efficiency. Reducing or eliminating this factor can dramatically reduce electric cost as well as being environment friendly, I think this is a win win solution for everybody.

[Lemer]

It seems that the most of companies are setting up mining farms to Canada. The Chinese government has given up a big cake because Canada appears to have introduced new policies to support them. Silly China, always do such stupid things.

[hl5460]

interesting question and that reminded me of what someone was talking about last year (maybe not 100% related to your question). I don't know if he was trolling or was really doing it but it sounded very interesting.

mining in the middle of a desert!
you will get the below 0°C temperature during nights which last nearly 9 hours. and then you get the direct sun (the free source of electricity) for the rest of the day which you can use to power up miners and set up a efficient cooling system.
the setup may need a big investment but the cost from that time forward is practically nothing.

Wow, that's counter-intuitive but its possible. Are you talking about Australia?

[hl5460]

It seems that the most of companies are setting up mining farms to Canada. The Chinese government has given up a big cake because Canada appears to have introduced new policies to support them. Silly China, always do such stupid things.

Well, maybe they want to get more cheap coins.

[hl5460]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I think mining farms will be more profitable if they are located on Africa and India because the electricity rate is more cheaper than other countries I think.But im not an expert in the mining and it's profits,I will looking forward for the suggestions of this thread to know more about best place to build mining farms.

it is a lot more profitable to mine bitcoin in India not just because of the electricity cost but also because bitcoin price has been higher over there for a long time now. and as long as the problems that cause this higher bitcoin price persist, things will remain this way.
there is a similar situation in Zimbabwe. and in fact there are people mining bitcoin there, and then using the coins they mine to buy food oversees and then import that food into their country and sell it and make a good profit this way.

Problem with African countries is the unstable political situation. Don't know much about India.

[hl5460]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I think mining farms will be more profitable if they are located on Africa and India because the electricity rate is more cheaper than other countries I think.But im not an expert in the mining and it's profits,I will looking forward for the suggestions of this thread to know more about best place to build mining farms.

I have been to Kenya last year. Unannounced power outage is a common thing. Maybe South Africa is better? or any other African countries?

[nioctiB#1]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

Countries with cheap electricity, low temperature, and places that consider bitcoin or cryptocurrency legal so I have to agree with you that canada is one of the best place to setup a bitcoin mining farm. I also think that russia is also a best place for mining bitcoin because i think they offer one of the cheapest electricity in the whole world and they offer subsidized electricity to bitcoin miners.

[Carlsen]

Facebook has a larger server farm in Sweden.
I suppose that they thought carefully where to built it, and I assume that temperature and electricity costs were a big reason for them to choose that place.
But besides temperature and electricity, I think you have to keep the lokal taxes in mind when creating a mining farm.
I do not think that a business that size will be not seen by the lokal autorities, so taxes should play a role in the decision making process as well.

[Pursuer]

interesting question and that reminded me of what someone was talking about last year (maybe not 100% related to your question). I don't know if he was trolling or was really doing it but it sounded very interesting.

mining in the middle of a desert!
you will get the below 0°C temperature during nights which last nearly 9 hours. and then you get the direct sun (the free source of electricity) for the rest of the day which you can use to power up miners and set up a efficient cooling system.
the setup may need a big investment but the cost from that time forward is practically nothing.

Wow, that's counter-intuitive but its possible. Are you talking about Australia?

no it was actually in US, in Southern California I went ahead and found the guy I had in mind who said this.
https://www.reddit.com/r/Bitcoin/comments/5pe53k/i_started_mining_bitcoin_in_the_desert_heres_some/
you can see the controversy in his post history too. so I don't know if he is full of it or is he actually mining in the desert. but in any case this seems like a pretty cool idea if you can come up with a nice efficiency.

[LeslyAshley]

I guess Canada, Iceland

[Sithara007]

Despite all the legal difficulties, I still believe that China is the best place to set up a mining farm. Because mining rigs are still much cheaper in China when compared to the other nations. On top of that electricity is also reasonably priced in China. It won't be a bad idea to set up a farm somewhere in Japan, but the capital costs are going to be huge.

[hl5460]

Despite all the legal difficulties, I still believe that China is the best place to set up a mining farm. Because mining rigs are still much cheaper in China when compared to the other nations. On top of that electricity is also reasonably priced in China. It won't be a bad idea to set up a farm somewhere in Japan, but the capital costs are going to be huge.

Good point. China has its advantages but the mining operators are preparing for the worst.

[penig]

That's actually.. quite smart.

When I'm thinking of good places to plant a mining farm I've always focused on low temperature countries and countries with low electricity cost. The desert would be the last thing I would've think of. That's an interesting idea, though I don't know how you're going to setup a cooling system for temperatures THAT high.

Shade and fans for airflow.  Operating temperature for a GPU is quite high, you need to put enough cooler air across them to keep them in range.  Even if the air is 40deg C, if you blow enough it'll keep at 60-70deg.  Just need an a lot of fan power.  Maybe its not that simple, but i can see how some clever engineering could make desert mining viable to take advantage of the abundant daytime power... however batteries for sustained overnight running is the bigger issue imo.

[hl5460]

That's actually.. quite smart.

When I'm thinking of good places to plant a mining farm I've always focused on low temperature countries and countries with low electricity cost. The desert would be the last thing I would've think of. That's an interesting idea, though I don't know how you're going to setup a cooling system for temperatures THAT high.

Shade and fans for airflow.  Operating temperature for a GPU is quite high, you need to put enough cooler air across them to keep them in range.  Even if the air is 40deg C, if you blow enough it'll keep at 60-70deg.  Just need an a lot of fan power.  Maybe its not that simple, but i can see how some clever engineering could make desert mining viable to take advantage of the abundant daytime power... however batteries for sustained overnight running is the bigger issue imo.

I don't think any miners could operate at 60-70 c degree.

[Yakamoto]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I was contacted by Chinese medium-size mining operators. Let me know if you have connections.

Canada isn't half bad in most cases, especially if you can get connected to a grid which is powered by hydro or some other renewable power within the eastern provinces, provided that they can actually afford to get you a decent rate and don't overcharge, which seems to be happening a lot these days. Maybe it's not so cheap after all eh?

The natural cooling aspect also depends on your location. In some places it will feel like a bloody desert and others will have it cold a large portion of the year. The only big thing you'd need to do at that point would be to keep air moving (which isn't that hard to do).

There was also a large mining farm over in the mining subforum not long ago that I remember was being set up in Canada, so there might be some value in considering the fact people have already done what you're considering.

As for contacts I don't know what you need so I can't tell you if I actually have any.

[AGD]

What about Iceland? Cheap energy and cooling.

[deviltasha]

I think it will be really difficult to replace China.

[giogio0504]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I think mining farms will be more profitable if they are located on Africa and India because the electricity rate is more cheaper than other countries I think.But im not an expert in the mining and it's profits,I will looking forward for the suggestions of this thread to know more about best place to build mining farms.

It is interesting if there are any mining farms in Africa, and whether it will be safe to have mining farms there? 

[Nunoluck]

Maybe venezuela, country which low cost of electricy is very good. Mining bitcoin is consuming very much electricity. Maybe some people will turn to run masternode rather than mining bitcoin because masternode also give a lot of passive income.

[fanhuaijiao713]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I was contacted by Chinese medium-size mining operators. Let me know if you have connections.

The Chinese government has already cleaned up BTC's minerals in policy.
The recent decline in BTC has a lot to do with the transfer of Chinese minerals.
I think Japan should be a good mineral right now, and the government's strong support has led to the popularity of digital currency in this country!

[Dexion]

yes, china, kanada, japan is a good mining ranch place, but i think mining equipment also affects to income. if the mining tool is expensive then the income also reached $ 19000 every 2 weeks, and the cost of electricity paid even though expensive. so I see that if you want to get big profits from mining, then the location and tools should also support.

[antchains]

I think Africa is a good choice, of course, you need a strong enough relationship where to secure your mine. With solar charging, electricity bills may not matter much, but networking and security are worth thinking about.

[jazmuzika217]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I was contacted by Chinese medium-size mining operators. Let me know if you have connections.

Theres so many things to consider in mining. Electric bill, Internet connection and government. I think you have to find a country which has cheaper electric bill rate and a having a speedy internet connection on a cheaper price. It would be a great advantage if youre on a natural cold countries like Canada or Japan. You also have to consider the labor work rate for your personnel in the farm. And last but not the least, check it first if the country youve decided to go is accepting and allowing bitcoin in their country. Good luck!

[hl5460]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I was contacted by Chinese medium-size mining operators. Let me know if you have connections.

Theres so many things to consider in mining. Electric bill, Internet connection and government. I think you have to find a country which has cheaper electric bill rate and a having a speedy internet connection on a cheaper price. It would be a great advantage if youre on a natural cold countries like Canada or Japan. You also have to consider the labor work rate for your personnel in the farm. And last but not the least, check it first if the country youve decided to go is accepting and allowing bitcoin in their country. Good luck!

Japan is not a good choice. Quote from twitter: Japan is not a good location for mining. High electricity prices, high taxes and so on.

[hl5460]

I think Africa is a good choice, of course, you need a strong enough relationship where to secure your mine. With solar charging, electricity bills may not matter much, but networking and security are worth thinking about.

Been to Kenya once, power outage is quite often. Bribing officials might cost you dearly.

[hl5460]

Maybe venezuela, country which low cost of electricy is very good. Mining bitcoin is consuming very much electricity. Maybe some people will turn to run masternode rather than mining bitcoin because masternode also give a lot of passive income.

PoW will eventually dominates. How cheap is the electricity in Venezuela?

[e5p3r]

I think the best for setting up mining farms is China or a country near North Pole

[sangwookie]

I think canada but if you are going to go green, there are good islands in Korea if you can do solar power.

[senin]

For mining farms, two things are important: a relatively low temperature for cooling equipment and relatively cheap electricity. The Chinese themselves, after the threat of appropriate prohibitions in their country, found such a country that Canada found its province of Quebec. The natural and climatic conditions there are almost ideal for bitcoin mining.

[Ruthless67]

I think the best country to make mining is China, but if there are no countries where mining can be established in America, those who want to establish mining can mining Italy countries, but what is appropriate in that country is necessary.

[PrimeauxETH]

Canada its really cold, and its a secure country

[ACCOUNTSTRADER]

Maybe china can be the best option...

[eucalyptus]

Well in my country(Turkey) setting up mining farms could be very cheap. But on the east side of Turkey. Because government takes very low taxes from east side and in some cities they dont even pay for electricity.

[h55]

I think Russia, Cuba, Venezuela and newsstand is good places for mining for low cost of electricity 

[Sinseykoin]

Africa and India are more strategic territories than any other country. But I am not a mining expert and the benefits are, I am just trying to share my opinion on the thread that is discussing these farms and mining ...

[AltcoinAuthority]

yes, china, kanada, japan is a good mining ranch place, but i think mining equipment also affects to income. if the mining tool is expensive then the income also reached $ 19000 every 2 weeks, and the cost of electricity paid even though expensive. so I see that if you want to get big profits from mining, then the location and tools should also support.

China was the place to mine Bitcoins because of the electricity and the weather conditions. Try to visit Hong Kong.

[xieqieshangu9]

I think it's Japan!

Japan's attitude to digital cryptographic currency is very positive!

Many mining unions have chosen Japan after the Chinese government's policy of clearing mines was implemented.

Japan has a lot of nuclear power plants and abundant power resources, and Japan's policy is definitely better than China's.

[vit05]

  People who say that a particular country is cheaper, they should start putting the price of electricity in these countries. In Brazil there are many people talking about mining in Paraguay, including several reports on TV. But I think in fact what happens are great Ponzi schemes that simulate mining. The average temperature is a factor that influences a lot and I've seen several people commenting that it would be ideal to pay less than 4 cents on electricity. Paraguay costs between 8 cents to 12 cents of dollars, and the temperature is high also causing an extra cost. Venezuela, the cost is low, but political instability makes it impossible. I think the best countries could be those that have access to large sources of energy production such as large hydroelectric or cheap natural gas and low temperatures. Kazakhstan, Uzbekistan, Sweeden, Georgia

[diva.man]

Good point. China has its advantages but the mining operators are preparing for the worst.

Maybe you don't know that the Chinese government has banned the operation of minerals in their country!

The Chinese government has no advantage in electricity prices either!

And the Chinese government's determination to ban digital encryption has not changed at all!

[Drunkenhorse]

I would say Russia, electricity is very cheap there , the only problem could be legislation. There is still no certainty how it will work.

[yytcoin]

Going backward and digging in an economically viable country can be considered as low-cost mining, such as in India. If in Canada, I think the cost is still high, and many miners are digging in Sichuan, China, because electricity in Sichuan adequate resources and low cost.

[nightmanisrightman]

I think Canada is the best alternative other than China.
Low rate, natural cooling etc.

I was contacted by Chinese medium-size mining operators. Let me know if you have connections.

Funny you say Canada because I know somebody who is heating their house through mining and leaving the door open in the winter at -10 temperatures so your not wrong about that . Not sure what the price of electricity is up in Scandia countries but surely there you could set up a similar gig.

[Pain Packer]

If your looking for a low cost set ups, then look for a country with cheap electric cost and have a good source of renewable energy. Also considered the price of graphics cards in specific countries. Also check the weather conditions and climate. I thinks it is not applicable to set up in desert. Sandstorms? Hot temperatures in daytime? How about getting internet connection in the middle of the desert? Norway and Germany is the best way to set up mining benches.