Why not locate crypto farms in the northern parts of the country? Isn't it easier to organize the cooling of video cards there? ?

Why not locate crypto farms in the northern parts of the country? Isn't it easier to organize the cooling of video cards there? ?

Crypto Mining Farm at Apartment | January 2020 Update

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answers (2)

Answer 1
July, 2021

No less important issue than cooling in mining is the price of electricity. Nowadays, a lot of cryptocurrency farms are located in places where electricity is cheaper than anywhere else - for example, near hydroelectric power plants, which can produce it even in surplus. There are no such sources of constant and cheap electricity in the north. Therefore, electricity in the southern regions is so cheap that it is more profitable to spend it on equipment operation and cooling at the same time, than to spend more expensive electricity in the north only for work.

In addition, the equipment involved in mining, due to its loads, is almost a consumable, which is why logistics should be included in the costs of mining, which is also noticeably more expensive in the northern regions.

And, if we are talking about the northern parts of Russia, the question of state risk also arises. While the mining industry in the country is not regulated, and the upcoming laws on this topic are unpredictable, a significant investment in mining in the north may become unprofitable overnight with the adoption of legislation that seriously interferes with this activity.

Answer 2
July, 2021

But who will mine there? Lumberjacks, builders, scientists? They have enough problems without it. And as you imagine, the temperature in the house is below 10, for that the video cards do not overheat. Yes, and in the northern parts of the country you need to live in order to mine, you want to relax. Electricity, water, gas are all in abundance in Moscow, but not in the North. And now they saw the course which was almost 20,000. What does it mean? This means that in a year or two, maximum. Bitcoins will become rubles-dollars only as an electronic equivalent. A bit of a confused answer, but since there is no one there, it means a bad job. It means it's cheaper to buy overseas cooling. And the summer there is warm +20. And in winter and in the south it is cold. So that's it. Interesting.

Happy New Year !

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