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RE: ⛏️ Bitcoin - What Is The Cost Of Mining?
He mentions in the video how the cost of mining varies between $500 in Venezuela and $26,000 in south Korea! Big difference there..
He mentions in the video how the cost of mining varies between $500 in Venezuela and $26,000 in south Korea! Big difference there..
Cool, yes i think they have free/cheap lecky in Venezuela, but you still need to buy a mining device (s) and that costs a few quid. You need to factor that in as well.
Good content 👍 you summarized that very well, in the end it´s all about the costs or better to say keeping the power costs as low as possible to gain good profit with mining.
Those new devices you have shown in the video are looking that great but it costs a lot of energy to keep them running...
As the founder of a mining farm in Siberia it´s pretty hard to find the right balance between all those key factors, how to go green, being efficient...we are happy with our s9 miners as they are profitable and are running stable as the past has shown, you never know with the new released ones❕
I think I'd be an easy target for robbers in Venezuela because you need a wheelbarrow full of money to buy groceries there.😆
Yes, it's sad what's happening out there. I seen a meme shitpost a few days ago, it showed some toilet roll next to the cash pile to pay for it, the notes were bigger than the toilet paper. That means it's cheaper to wipe your ass with the currency. Sad, if that's true I would be running to the border crossing.