Quote from: menoiazei on August 22, 2015, 10:10:58 AM

Maybe this has been answered before, as i try to educate my self more about aspects of BTC would like to ask
if you don't take into consideration different cost of electricity in different places,
how does location affects the performance??

Many thanks!

Many aspects affect your overall mining experience, some quick items:

- Geographic Location
- Humidity
- Seasons and Temperature
- Cooling
- Quality of Hardware
- Power Cost
- Efficient Power utilization
- Smart Monitoring
- "Green" power possibilities

- Power availability - For example where I am, we have "load shedding" meaning that specific suburbs are grouped together during a week, and will be cut from power for 2-3 hours more than once a week to ensure that the national power grid can not fall over, mostly due to bad management/oversight on power consumption and requirements, the point is with mining especially now, you cannot even consider 30min of downtime since you worked out and calculated exactly how u would profit, it didn't include power outages, if you dont have power, you don't have miners, you don't have btc, you lose.

Honestly, if you had hashed the idea of jumping into a mining project, I guess from the onset there is enough out there to tell you, it will not come cheap, it will not only require x2 R9's to profit like a boss, it will not require a single power plug into a normal wall socket thats "not" UPS capable etc..

Mining has scaled sporadically but with haste, to a degree that, yes there is still potential, yes to many things, but you need to research really perfectly, in order to weigh the pro's/cons and make the decision, I think's its largely more "impossible" nowadays than it was before, and that's not showing signs of improving, most likely wont since it's a saturated market at this stage.