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What is Bitcoin Mining? and why it’s not very profitable to do in Australia



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!

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3 comments

  1. what cloud mining are you using?

  2. Crypto Conversations

    Outstanding

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