- Serbia is quickly becoming the next bitcoin mining hub
- Thanks to the cheap electricity and small population
- New market entrants are quickly realizing the importance of cheap and abundant electricity
Ever since Bitcoin’s incredible rally in 2017, people have been continuously looking for get rich quick schemes. People don’t always find what they are looking for and most of them end up losing a lot of money. But some people, which a little research and a knack for saving money can achieve lot of things. Bitcoin Mining is one such game.
For newcomers to stay in the game and achieve positive earnings Is possible perhaps by simply moving your mining rig abroad to a place with lower maintenance costs can potentially solve all your conundrums related to long term profit. Its growth has been observed by not only small-time mining congregates but by huge cloud mining companies as well, which offer their customers the option to purchase mining rigs and store them remotely.
For remote mining, location is usually the biggest factor.
Serbia – The New Player in Town
Serbia has recently emerged as as huge player in bitcoin mining. The three main quotas for a profitable mining operation include: Temperature, Low-cost electricity and fast broad-band internet.. Places in Serbia like Irkutska, offer impressively low electricity costs and at the same time, have a low population which won’t be disturbed by the constant noise from the mining rigs.
Serbia although not officially part of the EU does enjoy a good deal of privileges from the European Union and stands neutral from the point of legality towards crypto-currencies. By choosing Serbia to be your patron for mining crypto-currency, you stand to benefit significantly even in times when the price for Bitcoin and other alt-coins are fluctuating bellow it’s mining profitable price.
Traditionally China, Iceland and other countries with abundant energy have been attractive to miners. But China’s roller coaster outlook towards cryptocurrencies and Iceland’s distance from mainland may prove beneficial to the Serbs as the country is centrally located and doesn’t have anything against the growth of cryptocurrencies.