Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
erre
on 26/02/2019, 12:16:42 UTC
⭐ Merited by LFC_Bitcoin (1)

Venezuela is one of the cheapest places in the world (on record) to mine bitcoin because of the really cheap electricity prices. Anybody feel like going to live there for 12-18 months & setting uo a mining farm with me? Wink


It dosen't work like this.
The electricity you are able to take in  beetween the very frequent blackouts is free, but to set up a mining farm you would need support by both governments and the local mafia.
This would be pricey, and risky.

Actually in my opinion the best way to mine would be some kind of agreement with some hydroelectric or nuclear facility, they usually produces an energy surplus which is wasted