Quote from: grendel25 on March 17, 2014, 03:07:40 AM

Quote from: comeonalready on March 17, 2014, 02:32:20 AM

Quote from: igroock on March 16, 2014, 06:31:33 PM

I truly wish everyone luck with mining. Rates on coins and profitability are coming down like world trade. The investment into hardware is no longer justified based on the returns, especially with summer around the corner which requires MUCH more electricity for cooling. Seems those who pay the least for their electric will benefit. Especially when you consider the influx of miners that are taking advantage of lower prices on hardware (recently they have been discounted), the more people mine the quicker coins go down the tubes. I now realize that I could have made WAY more in arbitrage vs. putting money into mining directly.
Sorry to discourage anyone. Good luck.

It's always 'not summer' somewhere. I phrase it this way because winter only really exists somewhere between six to nine months of the year in the northern and southern hemispheres. Near the equator, I suppose they might just consider themselves as having two summers, I really don't know. If anything, the economics of cryptocoin mining discriminates against those who live close to the equator. But those living on the pole side of the tropics might be in the best situation to mine year round if they have reasonably priced electricity available to them.

There is very good reason that many would call Iceland the perfect place to mine. Inexpensive hydro and geothermal power, with free arctic air to cool equipment!

I heard there's plenty of fine young women there too. ratio outnumbers men = good thing. I want to go soooo bad (don't tell my wife!) lololol

Aaagh! You beat me editing my post!