Hi

In my country Ecuador is 0.4 per kwh, If someone want to move overseas their mining rigs or asic let me know,  i am sure we will find a solution. Hope to not brake any rule in the forum .

Is imposible righ now, even electroneum have said they would do it for the Q1 of 2018, but they have been telling that since september.
And even thought the algorith is not big of calculations in time it will burn the cellphone. In this year perhaps will be the best way to burn a cellphone

Read the white paper.
See the team behind the idea. (are they to young? What have they done before it? This will separate scams from real projects
Are these people real or they just get the time to create a nice web page?
The company is located in a real place or they just have a website .io with no responsability at all
See if the project have a future or use in the world outside cryptos.
If they do not reach the hard cap, will refound the money to the investors and how they are going to do it

This are the thing ypu shoul consider
Hope was helpfuly

Electricity price around the globe. In which part of the world I should mine? And how easy or difficulty is to send my mining’s rigs there?

I want to create this post to compare around the globe the best places to mine.

Please send the information as follow

Country: Ecuador Cities: All Cost per KWh ($): 0.04
Commnets: This rate applies only to house electricity, commercial electricity cost is 0.12 per KWh ($)
Requirements to send equipment’s there: Find a local who can install and run the mining rigs at their home. Send them via DHL
Date of info: 18/feb/2018

Hi, answering your question, in my personal opinion mining is a running, you have to identify as fast as you can some variables, and also decide which way to go.
As an example, invest in a mining rig will be always better if you do it right, I mean equipment’s selection, installing, good profits calculation (use a page like cryptocompare), configuration and TIME TO MARKET, what I mean is , if you order your equipment’s and they arrive  5 weeks later believe me you will lost a lot of money) This will only work if you know how to assembly a computer or see a lot of videos in youtube that will help also. (write me if you need help)

I have never use nicehash, but i see the costs there are high, for i consider it once. And comparing to a mining rig you can mine for at least four years continually 

In both cases you have to select a coin that will increase it values fast, if are not the common ones like, BTC ETH, XMR, you have to at least read the white paper and see if the project have future or you will be mining garbage


I know there a lot of topics of mining rigs and selection of coins to mine, but I write this just for you have an idea of what i am talking about. Before decide a create a mining rig or use nice hash consider this

1.- What coin I want to mine?
2.- Make yourself this question. Does this coin have a future? Its value will increase in time?
3.- Can I sell this coin easily or I have to keep them for a long time?
4.- Which equipment is the best to mine this coin (hasrate)?
5.- How much power this equipment will require?
6.- Beware that at least you have to have a big computing power (gpu mining rigs, a good server) or you are not going to make profits in a month
7.- Chose a coin that have a future
8.- Beware of the difficulty of the algorithm for each day it past you will get less coins, hence you have to mine something that also gain value each day to contra rest this

Hope this was helpfully