Quote from: Loganota on February 18, 2019, 09:30:45 PM

Here in Brazil there are some people who pay a fixed rate of energy, especially for those who live in more isolated places but because the available power is not so high, it is not possible to create a large mining farm. As the energy tariff here has been very expensive in recent years for those who produce photovoltaic energy prefers to sell to the utility than to mine. The choice of many people is to really mine in Paraguay where the tariff is very low, but there are reports here that there is already a government crackdown on the country's miners.

A 'crackdown' in paraguay?? Isn't it legal? I assume such since the government is helping coordinate the building of the biggest mining operation ever according to that article above.

Quote from: fanatic26_ on February 18, 2019, 11:29:17 PM

I cant speak for anyone else but there are some serious challenges when trying to build something like this in a country you are not from. You dont understand laws, customs, or anything of that nature where you are going. You dont speak the language so a proper labor force and contact with contractors can be a pain. Trusting your multi million dollar facility in the hands of locals is a scary proposition, and living down there or spending massive amounts of time down to secure the facility would be pretty terrible considering the distances involved. There are obviously a number of other socioeconomic issues to deal with as well.

For example id shy away from ANY and ALL soviet bloc countries such as Uzbekistan based on the current political climate and the issues we have in the US with Russia right now. I would also stay away from South America as a general rule because of the massive amounts of corruption, struggle, and strife South America seems to constantly have. The US border crisis is in no small part due to the mass exodus of people in South America trying to come up this way through Mexico.

The average tech blogger isn't going to setup shop down there for sure because electricity is cheap... However... https://en.wikipedia.org/wiki/Chiquita_Brands_International
Chiquita Banana is a Swiss company. I'm confident starting big businesses in developing countries happens.

Granted, they have been forced to fund cartels before, they still manage to pull quite a profit since all that has blown over. The point is entrepreneurs are ready to take risks. Making fortunes is not easy however you cut it. I'm not suggesting some Montreal trader drop everything, move to S.A. and learn spanish... There are very, very, truly rich South Americans and Uzbekistanis (probably some that speak English), or there must be other non-local people with some experience there and some in crypto.

I'm hoping to draw some of the locals out of the woodwork and get their two cents.