Digital Money Makers EP: 2
Rohin talks about how Bitcoin is mined and created and additionally why it’s not very profitable to do in Australia with ASIC mining apparatus.
The reason why being – ELECTRICITY COST
Typical value consistent with kW/h in an Australian family is 25c! Off height we might get a measly 15c consistent with kW/h, beautiful dismal is not it!
Compared to large mining operations in Iceland who see round 5c consistent with kW/h with the added bonus of great cool air to stay the entire mining rigs cool!