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

[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.

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[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.