Going to start a mining business. Researched and nailed down supply chain, already got capital and a fuckload of customers not looking for investors, not selling hashpower contracts and don't need anyone to talk me out of it. Goal is not fiat profits but to accrue crypto for trading and take advantage of the slowly dawning realisation of the sector that paying miners actually matters.
Can't decide on final location. Thinking Taiwan due to proximity to major mining activity coupled with fairly low taxes no interference from mainland chinese government and their entrepreneur visa, as well as cheap grid kWh's, but almost tempted to get some solar or hydro stock from alibaba and deploy in Japan instead. Anglosphere citizen, not burger.
got a perfect country for you, Cost wise, goverment wise, and weather wise.
0.01 Btc for the info
Caleb Scott
bosnia. cheap power supply. get in, i have conns.
Dominic Rivera
Why not do it in Scandinavia or Iceland? Much lower risk of getting fugged by gov, even if you have to pay higher taxes and all.
Brandon Gonzalez
to much retards in itt, Bosnia unstable AF, Scandinavia fucking expensive tax wise and Kwh
Brayden Campbell
Grid power in EU is more expensive than TW from my research, and I'm aiming for 100kW+ deployments so every cent matters.
Nicholas Perez
How is Taiwans enterpreneur visa? Could i go there as a daytrader and open a trading business there? (we are 5 looking for a good location).
Grayson Reed
My understanding from brief research is 63k USD investment in the business makes it eligible. I believe the employee limit mentioned was three though.
Luke Wood
taiwan they're very well educated, i would invest there, you can put solar there too bro, nice, i wish i could journey like you...but i have 2 rigs in my shit country (Brazil) with sh*t taxes (800usd for a 1070) and sh*t energy (0.18usd pkwh) put all my money into that and i expect a ROI in 2 years :(
Levi Long
on the bright side I hear the girls there do great anal.
Actually one thing I did notice in my research with regards to south america was there's some enormous fuck of a hydro plant, the Itaipú Hydroelectric Power Project, Brazil and Paraguay, where someone was pulling down kWh's at 0.02c USD.
Wish I knew how to get in on that tasty action. Knowing South America though I suspect it might just be asking for trouble.
Gabriel Lewis
I'm paying 0.023 usd /kwh. in Sweden as data centers are given tax break on power.
Jackson Bailey
There was another user on here in an underground cavern, mining as well. His setup looked really legit. I wish I saved the pics, because it was very interesting.
Mason Turner
20 guys with ar15 would break in and stole all your gpus...dont do that here...seriously
Michael Sanders
t-that's me.
Jeremiah Morales
You wouldn't happen to know if this extends to Svalbard by any chance? I believe it's technically Norway but because of old Svalbard treaty we get easy access to it.
And although that power rate does indeed sound pretty great, two things in general worry me about Scandinavia.
1) Taxes. If they give you 0.023 usd kWh but levy some ridiculous tax at the same time maybe at the end of the day you end up behind? I'm thinking though that a mitigating factor here is since I'm not aiming for fiat profits, I can "limit" what I make in that sense, and trade purely through offshore entities. Fear this might be begging their tax authorities to mess with me though.
2) Rejected shares / Orphans. Is this a problem in operations over there?
Noah Taylor
That data centre specifically looks familiar. I think I might have read an article about it, old bunker or cave or something right? You own the entire thing or lease or how does it work?
Eli Gomez
YES... that is so pretty to look at. Post more pics man.
Ian James
Suspected as much. Thanks for the confirmation. I hope things get better for you there.
Sebastian Peterson
1) They don't tax you until its in fiat. So you could move it overseas. But it would be a 25% tax on profits, and 25% VAT on anything you buy in the country.
2) No, Sweden has one the best networks in the world, the old state telecom Telia International carrier (which now is privately owned) owns about 40% of the worlds fiber cables, and ~70% of the transatlantic cables.
I know Norway have something similar for data centers, but I don't know the details of it. Sweden was the last of the Nordic countries to implement a tax break on power for data centers.
Robert Hall
Ok. Looking into it for sure now with those power prices and that tax setup I think I can probably make it work. Thanks a ton for the information.
Dominic Wood
Not mine, only pics that exists are mine. Bought it on a government auction site for ex-military properties.
Xavier Edwards
i dont have another option, i have to keep fighting or me and my family, bro, i wish you the best, send me pics, caibalion at protonmail dot com when you make your warehouse, that must be a thing of beauty
Easton Sullivan
That is really badass. Do you have more pics? And more details about it please, like ventilation, how many your running, and how the fuck you afford that haha
Grayson Ortiz
Added benefit of considering first world countries is existing "secondary" infrastructure.
Hydro power in the arse end of china is cheap. Security, language barrier transportation etc won't be. I wouldn't know how to cost those logistical barriers, but perhaps something that could add more weight to a NA or EU base?
Wasn't alaska, midwest and iceland home of some huge altcoin mining factories because cooling solutions were so easy in those climates?
Austin Young
Build it in Heilongjiang province in the Northeast of China, and I will partner with you, and lead you to some possible men that could make it easier. Already planted the seeds on that. Seriously. e-mail me : [email protected]
Owen Nelson
I can't believe I'm asking this question, but is it really practical to just up and move to the US these days and start a mining business? Is all the red tape hype and such just not true? It seems to be an extremely inhospitable climate for foreign investors even from other Anglosphere countries.
I have mental images of endless visits to bland bureaucratic offices staffed by halfwit normies filling out pointless forms and pay high fees every time I want to take a piss. Unwarranted?
Gavin Garcia
I've got a means of accessing a free source of renewable energy. It would run for perhaps 80% of the year but the amount generated would surge at times. At a guess I'd say it would be enough to power 5-10households. WAs contemplating looking into selling it back to the grid but mining interests me.
Worth a punt?
Noah Powell
In what way is Bosnia unstable?
Henry Bennett
Island has the lowest power costs worldwide. Genesis Mining has a farm there too. As electricity is a huge ass factor in a mining calculation you should take it as an option.
Jackson Ross
Either Iceland or Romania Or you can stop being a faggot and hack the grid and pay only for the lighting (so you don't draw suspicion).
Jeremiah Ross
Cool climate for better cooling solutions and an educated populace that speaks english making everything easier. Iceland is a good option.
Bentley Reyes
To provide some useful content in return for the assistance anons have been providing and directly address this;
Assuming 5-10 households maps to 2kW households let's split the difference and call it 7.5kW
An S9 will run you 1.3kW (single machine setup just for simplicity's sake)
So maybe you can run five machines off your source at once. If you could keep them running 24/7 365 they would produce 5.71225 BTC at the current highest paying SHA256 buyer rate.
Should be noted that this figure is presently inflated due to the BCHBTC civil war, with USD having to constantly bid up the hash power price or risk chain death. It is nowhere near as precise as saying buy x get y in actual practice.
Should also be noted since it's not a constant power source your output will necessarily fluctuate with it.
Brayden Ortiz
How much did the bunker cost?
Jace Russell
Bulgaria, it's as stable as it gets since it is under the EU and wait for it, fucking 10% taxes. No income tax or anything else, just a flat 10%. What's even better is the cheap and fast internet with cheap electricity, plus a rapidly growing IT sector
As a Bulgarian who was about to do what you describe I'd definitely do it here, tho I don't know about you specifically
Carter Sullivan
>e. Trinidad & Tobago. subsidized electricity, no crypto regulation, middle of the caribbean, seeking international business at the moment, Physical forex shortage atm (so you can make 30-40% gains on your forex by selling on the black market),
