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Author Topic: bitcoin mining geography  (Read 956 times)
ZahaRip
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July 15, 2018, 01:58:47 PM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

Why do you think Antarctica? Smiley
Most profitable where cheap electicery.
Check price US cents/kWh https://en.wikipedia.org/wiki/Electricity_pricing
because electricity can be produced independently in any place where it is needed and sometimes its production is several times cheaper than from the usual sources. in Antarctica can prigoditsya the usual array of thermocouples gives a lot of energy on the temperature differential of water and air.
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vvvvictoria
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August 22, 2018, 05:42:35 PM

i think that its all over the world almost in every piece of it. if u have brain - u manage to do it
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August 24, 2018, 03:11:00 AM

i think that its all over the world almost in every piece of it. if u have brain - u manage to do it

the brain is of course needed when creating an industrial scale mining factory, but external factors are also important. you need to be competitive in the global production of bitcoins, and this cost reduction and snow risks, as well as stable operation of mining factories and a constant increase in capacity.

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August 24, 2018, 03:15:17 AM

for bitcoin mining, I suggest finding a location that is safe from earthquakes or other safe disasters and for electricity use it must also be cheap and have very cold temperatures.

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September 28, 2018, 08:43:01 PM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

The actual geographic area from the gear with regard to exploration doesn't have bodily importance. In a single nation, electrical power is actually inexpensive within the additional, costly, this is actually the advantage. In a single nation it's not allowed in order to my own, within an additional they don't actually understand what bitcoin is actually.

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October 10, 2018, 11:43:54 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

Why do you think Antarctica? Smiley
Most profitable where cheap electicery.
Check price US cents/kWh https://en.wikipedia.org/wiki/Electricity_pricing
cheap electricity is an important factor, but the cost of equipment placement the cost of purchase and delivery, deployment and start-up and availability of cheap specialists for large factories is also an important factor.

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Anish02
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October 10, 2018, 12:23:32 PM

According to me, in bitcoin mining main aspect is electricity. Then you have to choose a place where the manufacturing cost of electricity is cheaper. Venezuela is the best place for bitcoin mining, where you can mine bitcoin at the cheapest rate.

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October 10, 2018, 12:33:03 PM

It's not really surprising that most of the bitcoin mingers are from China.  Thats were most of the manufacturers are because of cheap costs and the electricity their is super cheap as well.

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October 10, 2018, 12:37:45 PM

It should be in a cold place to lower the usage of enegry for cooling. Now there is a new idea and ICO which is Swiss Alp Mining. They are located in Alps of Switzerland and their recipie is quite acceptable. You can their idea and all Project in here: https://swissalpsmining.io/ (They raised more than 10 millions of dollar yet)

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October 11, 2018, 09:37:06 AM

Well, there are many countries is geographically and economically suitable for mining of bitcoin, but it can be mined anywhere on the earth.
But for this you will need the appropriate amount, energy and most important cool atmosphere. I feel that it is not possible to without the permission of any countries government to establish Bitcoin mining and use energy. Because in India it has been banned, and its mining is also illegal and i am very disappointed for this. But if my government legalize it and also gives permission for mining, then i will become very happy.
sehoon
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October 11, 2018, 10:13:57 AM

you can mine bitcoin anywhere on earth, but is there a place on earth where the most profitable to mine bitcoin. maybe Antarctica? I would like to know the opinions of people from different places and countries.

There are actually projects regarding the mining of bitcoin. I have seen advertisements about mining bitcoin and they endorse it with things such as good electricity supply and renewable energy. Most of the time, it is European countries that I've seen from those advertisements. And the places are in Europe as well.

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October 11, 2018, 11:36:48 AM

Well, there are many countries is geographically and economically suitable for mining of bitcoin, but it can be mined anywhere on the earth.
But for this you will need the appropriate amount, energy and most important cool atmosphere. I feel that it is not possible to without the permission of any countries government to establish Bitcoin mining and use energy. Because in India it has been banned, and its mining is also illegal and i am very disappointed for this. But if my government legalize it and also gives permission for mining, then i will become very happy.
in addition to electricity, large investments need to be reliably protected from third-party attacks on equipment, there are countries where the import of equipment for production is taxed. this all will have to be taken into account when choosing a place and country of production.

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October 12, 2018, 06:06:25 PM

I think as long as they have electricity, you have a computer and tools needed you can mine anywhere around the earth.
You should also know the effect of bitcoin mining like the increase of he electricity bill.

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October 12, 2018, 06:18:17 PM

It's very simple. We all know that it needs a lot of electricity and internet connection is a obvious thing. And another important thing is it need a cold place so that the setup remains cool. That's the reason you wrote Antarctica. Just to make it more simple ask google which country has the lowest price of electricity along with internet connection. If electricity price is low then you can afford an air conditioner to keep everything cool right?
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