moneymarketing wrote on 6
th Feb, 2018 at 4:58pm:
That's great!
How is the energy issue? Do you guys have low-cost energy in your country?
I'm glad to see that you can make that kind of money especially with the capital control issue and with monero being anonymous this can be very beneficial for you
edit: With all that sun you get maybe you could eventually set up some solar panels to provide the energy
Sun is more than enough here.. the problem is the price of the equipment.. A basic solar panel installation starts from €10000 in a country where the basic 8-hour worker salary is barely €500/month.. small home rentals start from €250 euro.. so you can figure out how difficult these types of investments are..
Energy costs are kinda low compared to the rest of the world.. Plus almost 60-70% of every bill here is basically taxes and public costs, so spending more energy does not make that much of a big difference in the final amount..
If properly taken advantage of, the sun, wind and water flows could power up the whole country for free.. It's just that politicians over the years here tend to have a different "investment" policy..
Thankfully capital controls have been relaxed during 2017 so we're almost free and open to the international market now..
Only import taxes for products from china have become a bit more strict nowadays..
As for Monero mining, it seems that the miner crashes all the time with my card so I have to keep an eye on it all the time in order to restart it when it does so.. I've joined xmrpoool.eu and though we seem to find 2-3 blocks daily the reward is kind of mediocre for my hash rate. Maybe it needs better tweaking but either way I'm not sure I'll continue it because I also don't want to ruin my graphics card.. the GPU prices have climbed sky high and the availability is near zero on high end cards... I'll provide an overview of my results soon though.