bitcoin mining geography

[Garciada]

Bitcoin is most profitable to mine in countries with a cold climate and cheap electricity. Most of all miners in China, because there is cheap electricity. Beneficial maynit bitcoin also in some regions of Russia, for example, in Siberia. Siberia also has cheap electricity and a cold climate.

THere's a reason why people aren't mining in Siberia. It's so secluded that if anything goes wrong you're on your own, thousands of kilometres from civilisation and possible help (hospitals, police). Nobody wants to live in some forgotten rat hole, even if it will be a bit more profitable than doing the same thing in a warmer country.

mining in Siberia bitcoin, this is similar to gold mining in the rivers Siberia. Perhaps the people of Siberia are faced with a choice of which of the two production is more profitable in the current time.

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[justin86]

Antarctica is not open to every person, I think only researchers and some group of tourists are allowed, business is unthinkable, you could find lots of cold places with cheap electricity

[Sam San]

Antarctica is not open to every person, I think only researchers and some group of tourists are allowed, business is unthinkable, you could find lots of cold places with cheap electricity

The warmest weather in Ushuaia by months and in General in Argentina is in January, December, February to 12.5°C. at the same time, the lowest ambient temperatures are observed in July, June, August to -0.8°C. for lovers of night walks, the figures range from -3°C to 4.4°C.
In the Strait of Magellan many islands suitable for mining.

[demonist]

For bitcoin mining, the most important factor is cheap electricity and high-speed stable Internet, and the roads to get farms to their destination, and it does not depend on the country, unless there is a tax on mining.

[vessing]

The price of electricity on the planet varies depending on a number of factors, including government subsidies and the availability of natural resources. They also influence the cost price of the energy-intensive equipment intended for the crypto currency.

[Sam San]

The price of electricity on the planet varies depending on a number of factors, including government subsidies and the availability of natural resources. They also influence the cost price of the energy-intensive equipment intended for the crypto currency.

in some countries, private electricity production is allowed, and own electricity production may be significantly lower than the cost of electricity available on the market in the country.

[RochaMckay]

like Highest PC reg, electricity, and of course the internet connection. The best place to mine is in the cheap cost of electricity and speed internet connection

[Sam San]

like Highest PC reg, electricity, and of course the internet connection. The best place to mine is in the cheap cost of electricity and speed internet connection

countries are introducing new rules and laws. It is possible that electricity and the Internet will go on the second plan, may come to the fore licensing measures and taxes.

[javainn]

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.

I think mining on earth is the best because the temperature of the earth is compatible with the set of mining tools, know in different places the earth has different temperatures so I think mining has to adjust the temperature so that the mining circuit has no problems and can run normally.

[Thewolfofcrypto]

i think it does not depend on place, country or city, you only need internet, Pc and brain to think, that's all, you can travel all over the world and earn bitcoins

[jenyAE88]

One must also consider the overall climate since it will help you decrease your power costs in the long run. Iceland is one of the best places right now to get your mining farm on its feet since, like the rural parts of China, power is cheap

[DragonETH]

One must also consider the overall climate since it will help you decrease your power costs in the long run. Iceland is one of the best places right now to get your mining farm on its feet since, like the rural parts of China, power is cheap

I think that in the near future the first plan will not be the location of ASICS but their performance. The main thing will be closer to the manufacturer of ASICS and be able to quickly replace the entire farm with new ASICS. who will have such an opportunity, he will have a profit, and the rest will warm the planet.

[isaac_clarke22]

Lol. You can setup mining rig anywhere but considering that your rig should be in at least convenient place where it is guaranteed to not to freak out because of an unstable environments. You said that you plan on making rig in Antartica and I know your joking for that. Expect always that your rig will heat up when you build one, so a proper ventilated case is gonna be a good thing to go when you do mining.

[DragonETH]

You can make Bitcoin anywhere in the world. But Bitcoin Mining is the most profitable in the world. I think Africa and Venezuela are the best countries for Bitcoin mining. There are less electricity costs than other countries. So mine may be beneficial for them due to cheap prices.

it is possible that countries that are loyal to the production of bitcoin and its sale on their territory can become attractive. the main thing is that there should be no large losses from the customs fees for import to the territory of these ASICS countries.

[megamanexe002]

If you want to get a bitcoin, you have to have at least a computer in your hand and you know about the technology you are using as well as you have to have electrical power for the task of charging, besides you have to have internet connection.

bitcoins spectacular rise in value over past years 2017 from less than 1.000$ per coins to cover 10.000$ per coin has captured the world's attention. bitcoin is one of many cryptocurrencies that are digitally mined and recorded on a digital ledger known as block chain. bitcoin is decentralize currency,and can be bought and trade anywhere with an internet connection.

[Yaunfitda]

You can make Bitcoin anywhere in the world. But Bitcoin Mining is the most profitable in the world. I think Africa and Venezuela are the best countries for Bitcoin mining. There are less electricity costs than other countries. So mine may be beneficial for them due to cheap prices.

Lol. Africa is not condusive to bitcoin mining because of the hot weather and the infrastructure is ready. Venezuela? are you sure bout that? They are in economic turmoil and those mining there has to take a lot of risk because the government is clamping down. And if you are not aware, in the beginning of the year, bitcoin miners were caught and jailed.

Europe, Russia and China are really good for bitcoin mining. However, we know that China has made its U-turn already and Russia still undecided, and totally contradicting itself. So maybe Switzerland and other parts of Europe, where electricity is cheap and the weather is really favorable to bitcoin mining.

[Al-e_x]

maybe in a country that has geographical conditions such as cheaper electricity costs, such as a platsburg city in England, cold conditions dominate, as in Switzerland, and also a good internet network.

but you also have to pay attention to mining methods, you better use an expensive tool, and the results will make you satisfied.

[kotulo]

To exploit Bitcoin you need to invest in machinery, geographic location digging, weather to ensure the excavator

[fulled]

I think the best place to build a mining company is country with cold temperature, also that place must have strong wind to build own wind power plant to supply your mining equipment

[Sam San]

I think the best place to build a mining company is country with cold temperature, also that place must have strong wind to build own wind power plant to supply your mining equipment

the most common electricity production on the planet is hydroelectric power, as the cheapest source of electricity. micro-hydropower is often built in mountainous areas where only a minimum of costs is required. In addition, in the highlands of the cool weather, which makes a profit from reducing the cost of refrigeration for arbitrary bitcoin. Another advantage of the highlands, is the ability to create a good protection around the super bitcoin factory, also gradually coming to the forefront of production protection in different regions.