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Author Topic: The effect of bitcoin halving on bitcoin mining.  (Read 329 times)
kano
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October 18, 2023, 01:17:23 PM
 #21

There's nothing more 'advanced' about the competition, it's simply power costs and more money to buy miners.

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October 26, 2023, 03:37:17 PM
 #22

Bitfarms Reaches 240 MW and 6.3 EH/s as Baie-Comeau Fully Energizes Initial Phase
Bitfarms Ltd a global vertically integrated Bitcoin mining company, fully energized the first phase of its farm in Baie-Comeau, Québec, increasing its total operating capacity to 240 MW and its hashrate to 6.3 EH/s.
https://www.globenewswire.com/news-release/2023/10/23/2764577/0/en/Bitfarms-Reaches-240-MW-and-6-3-EH-s-as-Baie-Comeau-Fully-Energizes-Initial-Phase.html

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October 29, 2023, 07:41:36 AM
 #23

Industrial mining can only be done if electricity is cheaper than 4,5 cents, and the cheaper the electricity, the cheaper the equipment you can use. If your electricity costs 1-2 cents, then you can use used S17 ASICs and their analogues, or next year buy used S 19 ASICs, but there are few such places in the world.

Mining equipment is one time cost while electricity is a continuous cost that miners have to bear. Cheap electricity must be the first rule in your check list before you proceed to mining, my few satoshis.
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October 29, 2023, 12:12:25 PM
 #24

Industrial mining can only be done if electricity is cheaper than 4,5 cents, and the cheaper the electricity, the cheaper the equipment you can use. If your electricity costs 1-2 cents, then you can use used S17 ASICs and their analogues, or next year buy used S 19 ASICs, but there are few such places in the world.

Mining equipment is one time cost while electricity is a continuous cost that miners have to bear. Cheap electricity must be the first rule in your check list before you proceed to mining, my few satoshis.
If we assume that you have a location in the center of Africa with the price of electricity 2 cents, but there are no ASIC repair services there, delivery of equipment there is very expensive and risky, because there are military coups in neighboring countries, then will you be able to safely mine coins there?

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..BUY/ SELL CRYPTO..
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