Share Your Mining Rig

[Chipicao]

No you are wrong
Mining difficulty can increase if they will make better machine than yours and if the completions go high (more people start mining)
So it's not just about halving

Yes that's right but with this machines most of the profit is going to electricity bills, and my electricity bill will be only around 8% from profit so i don't care if difficulty goes up, BTC machines are cheaper then eth and can make much faster ROI if you don't pay electricity

 

[getseoonline]

whats your electricity bill hehe

 

[LgnG]

I believe the ideal place to mine is a place where the weather is cold, electricity is cheap, and internet connection is fast and stable.

 

[Plastic Bowl]

I believe the ideal place to mine is a place where the weather is cold, electricity is cheap, and internet connection is fast and stable.

I think I remember seeing like a massive bitcoin farm in Iceland or Norway, something like that. They had the same idea!

 

[Dopious]

I believe the ideal place to mine is a place where the weather is cold, electricity is cheap, and internet connection is fast and stable.

Cold weather and cheap electricity does not always align, where is it cold and cheap?

 

[Dopious]

I think I remember seeing like a massive bitcoin farm in Iceland or Norway, something like that. They had the same idea!

Yes, it is cheap as long as you do it massive, invest millions, even in North of Sweden you get a rebate on electricity if you go massive in size.

 

[LgnG]

searching for the search term deal place to mine crypto brings up an article listing these places

• Estonia. ...
• Canada. ...
• Norway. ...
• Kuwait. ...
• Iceland. ...
• Switzerland. ...
• Finland
• Sweden
• Latvia
• Georgia

 

[LgnG]

Yes, it is cheap as long as you do it massive, invest millions, even in North of Sweden you get a rebate on electricity if you go massive in size.

maybe you could work out a deal with someone in one of these ideal places to setup a rig for you in their home

 

[Dopious]

maybe you could work out a deal with someone in one of these ideal places to setup a rig for you in their home

I already live in Sweden, but to get the rebate of cheap electricity, you need to go massive, don´t work from home, home electricity is expensive in Sweden due to cold weather.

 

[Salamouna]

searching for the search term deal place to mine crypto brings up an article listing these places

• Estonia. ...
• Canada. ...
• Norway. ...
• Kuwait. ...
• Iceland. ...
• Switzerland. ...
• Finland
• Sweden
• Latvia
• Georgia

Kuwait? No never
It's too hot for that

 

[LgnG]

apologies guys I live in the USA and was using the info from the article, my rates are about 0.25 KWh and increases the more I use. It is only mildly cold in the wintertime here. In the summer I would need to run the air conditioning along with the rig.