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.

[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.