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191 sats \ 0 replies \ @Aardvark 21h
I really hope we get some nuclear up and running in this country soon. I'd like to see those dots spread out.
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191 sats \ 0 replies \ @itsMoro 21h
truly unbelievable the value the pacific northwest is leaving on the table with all that hydro
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49 sats \ 0 replies \ @Shugard 19h
Man Texas is rocking the show!
Would love to see the same map with all the hash rates! Like whats going on in Africa, Europe and Asia with small solo miners.
Also how many miners are in Russia and China we dont know yet.
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27 sats \ 0 replies \ @Satosora 22h
Texas is doing very well.
My state...not so much.
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26 sats \ 3 replies \ @WeAreAllSatoshi 22h
Don’t doxx me like that!
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109 sats \ 2 replies \ @k00b OP 21h
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12 sats \ 0 replies \ @Aardvark 21h
🤣
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0 sats \ 0 replies \ @WeAreAllSatoshi 21h
This is meme Monday worthy
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0 sats \ 2 replies \ @Coinsreporter 21h
I've been trying to set up something like that here for over a year now as India don't have a single mining company.
The problem is that we don't have two basic requirements on our side, may be that's the reason we don't have any. One the electricity costs are higher here, second it's not running 24 hours outside of big cities. The big cities have much higher costs. Two is the requirement of shipping miners which cost much more due to tax obligations.
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9 sats \ 1 reply \ @k00b OP 21h
What have you done to try to set it up or do you mean research?
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60 sats \ 0 replies \ @Coinsreporter 21h
I talked to people who are solo mining but not mining Bitcoin. I searched for the prices of equipments and compared the costs, big difference for US and here.
For example, For this miner I'd have to pay $500 extra for custom duty and delivery. Another big impediment is the requirement of setting it legally. The compliances of AML are very tough to fulfill. There are many Bitcoin related companies have already gone offshore because of these.
If you somehow fulfill all of these then there's a tax on any gains you make are taxed at a rate of 30% (plus 4% cess).
So, you see the Bitcoin scene in India is not promising and the current government is not supportive of Bitcoin, not at all.
Also, the prices of electricity are much higher but it's a secondary thing.
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0 sats \ 2 replies \ @NovaRift 21h
Very interesting. What do you think should be done that will increase the number of these dots? Does having more miners also mean lower transaction fees and faster confirmations?
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19 sats \ 1 reply \ @ek 21h
No, not in the long run. Difficulty adjusts itself every 2016 blocks (~2 weeks) to have a block every 10min and max block size is fixed by consensus rules.
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0 sats \ 0 replies \ @NovaRift 21h
Thanks 🙏
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