The
fact that mining is difficult and requires a high amount of energy is the most tiring part of production for miners. First of all, if we consider the conditions under which mining can be the most profitable; The majority of the electrical energy used in mining is spent on the cooling system. Because intensive processing equipment can become hot and unusable. For this reason, the ideal environment for mining is to be able to operate in a cold country without the need for an additional cooling system. If this condition is not possible, the most important condition sought is to prefer countries where electrical energy is more affordable.
Finally, the equipment for mining is always up to date. For this, the transportation from the location where the equipment is produced to the mining place must be able to take place in minimum time, because time is money. Every delay can be seen as a loss.
When we examine the role of countries in the mining ranking, China was the second with 7.24 percent, with 65 percent. This duo is followed by Russia, Georgia, Kazakhstan and Malaysia.
People made very high profits from
crypto money
mining in 2017 and 2018 and miners who reached millionaires were seen.
The
fact that the income from Bitcoin and altcoin mining regularly shot gave investors morale and encouraged mining. In addition, due to this situation, large amounts of dollars were flowed in the market . In addition, the fact that crypto money mining supports the flow of dollars has led to a record increase in the number of people doing this work in the sector. However, this intense increase was often experienced in countries that met the conditions mentioned above.
China
The Chinese people, known for their cheap energy cost and level of sophistication in technology, rank first worldwide in cryptocurrency mining thanks to this cheap energy. If we consider the conditions of the Chinese people in detail, they have quick access to the latest technology and their energy costs are quite reasonable. Given these advantages, China deserves its position.
United States
In the country where there are crypto money mining farms in California and many different states, farms have been created by giant companies and they have produced millions of dollars worth of crypto money on crypto money mining farms. The U.S. is the 2nd largest in the world when it comes to Bitcoin mining. country. Due to low energy prices and high income levels, the US is more than suitable for cryptocurrency mining.
Russia
Russia is not far behind China in terms of advantage, because electricity is cheap and the country is cold. Due to the size of the country, there are also hot regions, but many of its locations are suitable for mining. Considering the population, technological development and economic level, it is quite logical that Russia is in the top three.
Georgia
Georgia is known as one of the must-have countries for cryptocurrency miners with its government’s low energy prices and cold and warm climate. Georgia’s economic prosperity has played a role in making its citizens one of the most cryptocurrency mining countries in the world with the continuous increase in tourism revenues, and over time, the number of people mining crypto money has increased rather than decreased, even in adverse conditions.
Turkey
In our country, Siverek district of Şanlıurfa is thought to be the leader in the field of mining compared to the country in general.
