Post
Topic
Board Mining
Re: Which ASIC miner too choose for Bitcoin Mining?
by
DYING_S0UL
on 24/10/2023, 12:44:18 UTC

Unfortunately, the electricity cost is not cheap here. Electricity cost depends on the usage of Electricity. So, if I run ASIC miners, I will likely use a lot of energy, and the price of Electricity will increase to $0.15 where I live. Thanks for the info, by the way. Now, I understand that mining is too profitable for those with cheap Electricity.


Learn Bitcoin, are you planning to mine? In here in Bangladesh? I don't think that's a good idea. You know how unreliable electricity is in our country. We don't have enough electricity to fulfill our demand. Where I live in load shedding is happening all the time. Electricity price per watt also went up recently. So I don't know if that's a good move.

Also there are some rules with consumption of electricity. The housing and factories (Basically commercial) have different price chart. So if they see unusual consumption of electricity in your end they might get a little suspicious. You know how power hungry a miner is.

My suggestion would be try to reach out the miners of Bangladesh. They might be able to show you the current reality of mining in Bangldesh. Mining gig is can be very expensive. So before investing, you should consider those, cause the amount is big.