Why big miners are moving to new regions?

[hugeblack]

Although electricity is a crucial factor in mining, it's not the only factor to consider. Therefore, safe countries with reasonable taxes and moderate/cool temperatures will always be the first choice, even if electricity costs are high.

[tequilla_sunset]

Although electricity is a crucial factor in mining, it's not the only factor to consider. Therefore, safe countries with reasonable taxes and moderate/cool temperatures will always be the first choice, even if electricity costs are high.

Or any country with reasonable pricing / terms to do the mining. But many out there surely will bite the dust on that matter.

[JISAN]

I've been noticing how the mining world's changing lately. With electricity getting pricier in place like North America and Europe, the big mining crews are packing up and heading to spots with cheap, green power. I heard some areas are offering juice for under $0.06/kwh. It's low enough that even smaller folks like me could still make a buck. New mining setups are popping up there too, all slick and budget friendly. Makes me wonder if this shift's gonna totally flip how crypto mining works down the road–what do you think?

Electricity prices vary from country to country depending on import, export and demand, which causes Bitcoin miners to have different costings in different countries, which is why professional Bitcoin miners always want to live in countries where electricity costs are low. Bitcoin mining in particular requires a lot of electricity because it runs on a very powerful CPU. So it is normal that professional mining people will always go for low costing electricity

[dave_strider]

I've been noticing how the mining world's changing lately. With electricity getting pricier in place like North America and Europe, the big mining crews are packing up and heading to spots with cheap, green power. I heard some areas are offering juice for under $0.06/kwh. It's low enough that even smaller folks like me could still make a buck. New mining setups are popping up there too, all slick and budget friendly. Makes me wonder if this shift's gonna totally flip how crypto mining works down the road–what do you think?

Electricity prices vary from country to country depending on import, export and demand, which causes Bitcoin miners to have different costings in different countries, which is why professional Bitcoin miners always want to live in countries where electricity costs are low. Bitcoin mining in particular requires a lot of electricity because it runs on a very powerful CPU. So it is normal that professional mining people will always go for low costing electricity

Some just get good terms with a share on the mined BTC, in my opinion.

I am sure some are doing it like that to not search for a different place to mine

[Crypto Library]

This is completely false, I can't even picture where you got that from.

Hardly disagreed here, It is just a commonsense to know the whole thing that the algorithm on bitcoin say mining is be more difficult as day goes on. You don't need to see the picture for that just notice on the common fact.
Like the first one-
Just think about how much mining could be done with low-configuration devices when bitcoin mining first started. And now, you probably know that how much it costs to buy an Ant Miner or pay an electricity bill. And how profitable is it for beginners to start mining?

And I don't think you don't know the reason for this, because as long as day goes, more people will adopt bitcoin and due to this, the amount of transactions will increase more, which will make mining more difficult.
And here I said about the mining algorithm that as the day goes by, the difficulty in mining will increase. Hope you got that. 

[SavvyTon]

The major challenges concerning this is the government regulations, which may includes taxes they pay, the supply of electricity and a crypto friendly environment that enables for the mining they do, you can agree with me that there are situations that may be unconducive for the establishment of a mining rig, this could be a location barrier or from the above mentioned related challenges, on why a mining rig or miners should relocate for to a better environment.

Of course one of the major reasons is the supply of electricity but don’t forget the cost also. Some countries electricity rates are very cheap compared to the US where most miners move away from. Location barrier is also a major problem but i wonder why these countries where miners move to usually don’t have their own mining rig.

[electronicash]

The major challenges concerning this is the government regulations, which may includes taxes they pay, the supply of electricity and a crypto friendly environment that enables for the mining they do, you can agree with me that there are situations that may be unconducive for the establishment of a mining rig, this could be a location barrier or from the above mentioned related challenges, on why a mining rig or miners should relocate for to a better environment.

Of course one of the major reasons is the supply of electricity but don’t forget the cost also. Some countries electricity rates are very cheap compared to the US where most miners move away from. Location barrier is also a major problem but i wonder why these countries where miners move to usually don’t have their own mining rig.

they don't just consider the electricity cost but also the regulation and the weather in the region. China use to have a lot when they just tolerate Bitcoin mining back then but when the government suddenly ban Bitcoin, a lot of them also moved elsewhere. as far as i know some of them just move somewhere in Mongolia. and then Mongolia also ban Bitcoin mining so they move somewhere again. regulations are forcing them to move.

[Stompix]

This is completely false, I can't even picture where you got that from.

Hardly disagreed here, It is just a commonsense to know the whole thing that the algorithm on bitcoin say mining is be more difficult as day goes on. You don't need to see the picture for that just notice on the common fact.

Are you trolling or you genuinely don't know a thing about mining and bitcoin in general?
You said:

Actually, in the case of Bitcoin mining, Satoshi Nakamoto's algorithm has been set in such a way that the difficulty of mining will increase as time goes by.

Get me that line of code in the algorithm that sets the difficulty to go higher as time goes and you will have the rest of the year of my signature income!!!!!

And I don't think you don't know the reason for this, because as long as day goes, more people will adopt bitcoin and due to this, the amount of transactions will increase more, which will make mining more difficult.

Listen up kiddo....
You just showed the whole forum you know shit about bitcoin!

Transactions have nothing to do with mining difficulty otherwise the difficulty would have been flat for two years since we have the same number of confirmed transactions, the number of transactions is dictated by block space , the rules for the difficulty is set by this, go and have a read
https://en.bitcoin.it/wiki/Difficulty

Hope you got that. 

Hope next time you go and read a bit about bitcoin before showing your face on a technical board and end embarrassing yourself like that.

[Z_MBFM]

The major challenges concerning this is the government regulations, which may includes taxes they pay, the supply of electricity and a crypto friendly environment that enables for the mining they do, you can agree with me that there are situations that may be unconducive for the establishment of a mining rig, this could be a location barrier or from the above mentioned related challenges, on why a mining rig or miners should relocate for to a better environment.

Of course one of the major reasons is the supply of electricity but don’t forget the cost also. Some countries electricity rates are very cheap compared to the US where most miners move away from. Location barrier is also a major problem but i wonder why these countries where miners move to usually don’t have their own mining rig.

Fluctuations in electricity prices certainly have a big impact on mining profits. But miners don't track their location just because of electricity costs. Weather temperature is also very important for mining. Because where Bitcoin mining is done, a lot of heat is generated. So if the weather temperature is high in the mining location it will also be a big problem for mining. Considering these aspects a bitcoin miner changes his location for mining.

[Bobcrypto]

The major challenges concerning this is the government regulations, which may includes taxes they pay, the supply of electricity and a crypto friendly environment that enables for the mining they do, you can agree with me that there are situations that may be unconducive for the establishment of a mining rig, this could be a location barrier or from the above mentioned related challenges, on why a mining rig or miners should relocate for to a better environment.

A good example as regards to some of the challenges that will contribute to the migration of Miners to the conducive environments is a ban on Bitcoin mining and other crypto  related activities, for instance, China cryptocurrency
ban.
Regulations and high cost of electricity are factors that has affected miners activities. In facts, strict regulations in many countries has been a hindrance to miners, and most miners has moved to areas where there are less regulatory laws.
Again, Electricity cost is bigger insure that has caused most miners in the world to seek for countries where there are low cost or eclectics bills. As we knew, the lower the cost of electricity the more profitable the mining business, and the more increasing migration of miners on these areas over times.

[omori]

A good example as regards to some of the challenges that will contribute to the migration of Miners to the conducive environments is a ban on Bitcoin mining and other crypto  related activities, for instance, China cryptocurrency
ban.
Regulations and high cost of electricity are factors that has affected miners activities. In facts, strict regulations in many countries has been a hindrance to miners, and most miners has moved to areas where there are less regulatory laws.
Again, Electricity cost is bigger insure that has caused most miners in the world to seek for countries where there are low cost or eclectics bills. As we knew, the lower the cost of electricity the more profitable the mining business, and the more increasing migration of miners on these areas over times.

The price follows the demand.

And then again, some big countries, indeed, fear BTC like fire, due to it being decentralized and so on. They fear the changes and alternatives it provides.