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CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

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  #1  
Old 06-28-2017
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Default Which country has the cheapest electricity?

I am thinking of setting up a mining rig and I want to know the best place to put it.

Cryptos to the MOON!
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Old 06-28-2017
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Default Re: Which country has the cheapest electricity?

So if that country is Zimbabwe youll be moving to Africa?
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Old 06-28-2017
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Default Re: Which country has the cheapest electricity?

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Old 06-28-2017
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Default Re: Which country has the cheapest electricity?

i think those are base prices but in most 5th world countries if you consume a large amount the costs skyrocket
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Old 06-28-2017
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Default Re: Which country has the cheapest electricity?

I would expect something around Russia / ex Russian countries like Ukraine would be really cheap
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Old 06-28-2017
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Default Re: Which country has the cheapest electricity?

Quote:
Originally Posted by empirestate View Post
Which country has the cheapest electricity?

I am thinking of setting up a mining rig and I want to know the best place to put it.
Invest in a solar panel and live where ever you want

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Old 06-28-2017
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Default Re: Which country has the cheapest electricity?

^^^^^^^ been on my mind/plans since day 1
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Old 06-29-2017
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Default Re: Which country has the cheapest electricity?

Quote:
Originally Posted by empirestate View Post
With those stats I'd presume the Chinese would rule the rigs.
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Old 06-29-2017
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Default Re: Which country has the cheapest electricity?

Head to India stat
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Old 06-29-2017
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Default Re: Which country has the cheapest electricity?

I heard cuba is cheap but good luck with getting internet.
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Old 07-15-2017
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Default Re: Which country has the cheapest electricity?

Is it even worth mining anymore? Pretty sure the costs eventually outweigh the reward. I was going to try last year but it seems we've joined in too late
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Old 07-23-2017
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Default Re: Which country has the cheapest electricity?

Iceland has an abundance of Geothermal energy and because of the cold weather it helps cool the hot machines. That is why major mining projects like Genesis Mining are located there.
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Old 07-25-2017
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Default Re: Which country has the cheapest electricity?

In india electricity cost is low.
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Old 07-25-2017
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Default Re: Which country has the cheapest electricity?

Quote:
Originally Posted by fraserfountain1 View Post
Is it even worth mining anymore? Pretty sure the costs eventually outweigh the reward. I was going to try last year but it seems we've joined in too late
IMO Bitcoin isn't worth mining anymore. Play's comment about the Chinese is correct, and that's why all the huge BTC mining farms are in China.

Ether mining can still be worth it for small operations though. Same with Monero and a few other altcoins. I mined Monero on my dual-core (POS) laptop for a week a few months ago and made $60.

Have any of you heard of Minergate? It's software that allows you to use 100% of your CPU on any computer for mining. And it's a GUI so there's no fooling around with command lines...
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Old 07-25-2017
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Default Re: Which country has the cheapest electricity?

minergate is garbage. only good if you can deploy it like a fkn bo/tnet
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Old 07-27-2017
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Default Re: Which country has the cheapest electricity?

Quote:
Originally Posted by unkown5454 View Post
minergate is garbage. only good if you can deploy it like a fkn bo/tnet
even in the list of pools they have mentioned minergate is not a recommended pool
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  #17  
Old 07-27-2017
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Default Re: Which country has the cheapest electricity?

Quote:
Originally Posted by unkown5454 View Post
minergate is garbage. only good if you can deploy it like a fkn bo/tnet
Haha I'm not a crypto expert, I just thought it was cool to mine with a GUI.

I don't see how it would be useful on a botnet since it's graphical and way more resource intensive than simple command-line mining.

Inform me, lol. Why does Minergate suck compared to traditional mining?
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