Post
Topic
Board Mining
Re: Best ASIC for this power cost?
by
FP91G
on 17/02/2024, 14:28:34 UTC
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I remember the TV series 'Young Sheldon' which was a continuation of 'Big Bang Theory' when 6 year old Sheldon was looking for components for a nuclear reactor and federal agents came to him. My country has inexpensive electricity, but if you use it for mining, you face heavy fines.
It probably depends on where you live, I don't think it's illegal to mine bitcoin in the US and the Philippines so I don't believe it will be a problem, maybe if you're stealing power and not paying the electrical companies then you're in for a trouble and also it's not a nuclear hazard or biohazard to set up a mining rig so I don't think that they'll be able to slap you with a fine, maybe a tax will be imposed on you and a ton of paperwork would be on your work but a heavy fine is unlikely.
I have friends in the Philippines, it’s hot there and the temperature is 28-30 degrees Celsius all the time. With the cost of electricity being 22-25 cents, it is impossible to find profitable ASICs, although the high electricity consumption there does not raise suspicions if the house has air conditioners.