Quote from: chiguireitor on August 19, 2015, 11:44:27 AM

0.2 USD/KWh is my rate, yeap....

However, finding a place to host a large amount of miners is a feat, as i'm looking already for someone that asked me and i haven't found a single place i could consider without making a considerable investment on power transformation.

So, for small scale mining, it is good, but for large scale (PH/s domain) it is a no-go atm.

Amazing price, but the current situation in the country will be a real challenge. Not saying its impossible, but it is going to be real tough.

1) The power company has not invested in capacity in over a decade, so all of the lines are probably maxed out. Look at the near 50% decrease in the country's oil production. Subsidized prices leads to no reinvestment. Even in a first world county, the much bigger struggle is finding capacity, not space. There are lots and lots of buildings, but not a lot of lines with an extra 2 or 3 MW.

2) To run a real mine you'll need electrical and HVAC equipment. The power company won't deliver much past 50kw of 208v/240v power, you're going to need transformers to step down from the voltage they deliver. Those transformers will have to come from another country. If you use "second world" grade gear, you'll end up with a fire like at Cowboy Miners last year.

3) The climate will be a real struggle. Even with "swamp" cooling, you'll need tons and tons of fans to move that air, which again, will need to be imported or you'll have to settle for substandard goods.

4) Eventually the Bolivar will go the way of the Zimbabwean dollar. Like Ecaudor, El Savlador and Panama before, Venezuela will be forced to revalue their currency. Their socialist paradise, at this point, will have to be unwound and the price of electricity in Venezuela will have to move to something similar to what its neighbours pay. Will that happen this week? No. In the next five years? Absolutely. So careful about making a "big" investments, as your mine will be underwater once that revaluation in the economy hits. And it won't just be the electricity but other subsidies, whether direct or indirect, like how an economic rebound after revaluation will remove the lower rent and employment costs caused by such poor economic management.

5) Untrustworthy government. Venezuela's government simply takes foreigners property. You'll have trouble getting people to trust that their gear won't be seized like billions and billions of foreign investments before them.

Otherwise, when you've got it running I would love to see a picture. Absolutely doable, but you're walking up hill.