bitcoin mining geography

[vvvvictoria]

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

[Sam San]

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.

[wendiar19]

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.

[DES_MX]

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.

[DragonETH]

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?
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.

[Anish02]

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.

[deerlion]

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.

[burky155]

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)

[happytakhana]

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]

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.

[DragonETH]

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.

[Babylon]

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.

[rishad quraishi]

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?

[DragonETH]

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?

but now, it is easier to cool the air in the room than to go to the cold continent. there are already technologies for immersion in baths with special liquids that significantly better support the temperature regime. this makes it possible to expand the geography of mining.

[Hustinog]

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 don't think so that there is a place in which you cam do mining better because I believe that you can mine bitcoin anywhere in this world but in terms of highy votality maybe there is a better place.

[waitforme]

Antarctica may be the best place to place the generic bitcoin mining. Electricity is very low here, and the temperature is shallow. So, you do not need to use a VGA-powered device to lower the heat, so this will reduce your investment costs and increase your profitability.

[DragonETH]

Antarctica may be the best place to place the generic bitcoin mining. Electricity is very low here, and the temperature is shallow. So, you do not need to use a VGA-powered device to lower the heat, so this will reduce your investment costs and increase your profitability.

Maybe all the same at Cape Horn will be better to mine bitcoin, there is everything for this to have a successful production and do not have to move to Antarctica...

[emililadjet]

I'm wondering if all the institution are leaving stock market to be prepared to entering onto to Crypto market ?!?! 🙄
What do you think ?

[DragonETH]

The best bitcoin I think is the place where there is enough electricity, as it uses a lot of electrical energy. It also requires a strong internet connection to access the network

in Canada, a lot of electricity, a lot of water, for some reason, few people offer to place plants for mining in Canada. Why?