I am moving into a place in Buenos Aires, Argentina where power will be free. Power is cheap here anyhow. How much mining power do I need approximately to generate 1 btc a month?
I heard another way of mining is to actually buy mining power on line. You don´t have to worry about any equipment breaking down. Is there a tutorial on mining and how to perform all the necessary calculations? What about a excel spreadsheet?
What are your thoughts?
There are ways to get around the import tax but it may require him to have it shipped into uruguay.
I would not plan on that it's not a good businesses practice to dodge laws. If you buy new most likely it will come with correct amount and you will owe import/vat.
If op has them we need to know how much. And we still need to know electricity price.
Well, I have a traverler coming in December, who is a U.S. Citizen. I am not concerned too much about the laws as Argentine Customs does not bother U.S. Citizens that much. It´s their own that they scrutinize the most. I am not certain on the laws here. I was told by a lot of travelers that one electronic item is O.K, as long as it´s not for resale. It´s when you start bringing in multiple items that they want to start taxing you.
As far as the cost of electricity down here exactly, I am not sure. I know it is cheap compared to other countries. I think somewhere around $0.03 per kwh. When I get my hands on a bill I will post it. Again the place I am moving into, electric is free. Might as well mine.
Don't pay a single cent to government. They haven't done anything to this transaction. It's all between you, seller and shipper nobody else. People who criticize about it are mostly americans who don't pay import tax and want the rest of the world specially miners to pay.
I knew energy price in argentina was cheap but I thought it was something more like $0.06. I was looking towards doing something on neighbour venezuela but argentina seems closer and more stable.
Just beware if government want to take your stuff for the "greater good"