Hi everyone, I’m currently working on a Bitcoin mining business in Bali and exploring the profitability and risks of mining in Indonesia. Given the recent BTC price surge ($87K) and the halving event, I wanted to start a discussion on whether mining is a good investment in Indonesia right now.
Why Bitcoin Mining in Indonesia?
-Industrial electricity (PLN I-2) is relatively cheap (~$0.0586/kWh) compared to many other countries. -Bitcoin post-halving rewards & price growth still make mining profitable. -Renewable energy options (hydropower) could lower costs even further. -Miners like Antminer S21 (200TH, 3,500W) offer better efficiency.
Challenges & Risks to Consider
-Access to high-capacity electricity (150-200kVA) – Is PLN cooperative with miners? -Regulatory uncertainty – How does mining fit into Indonesia’s evolving financial rules? -Initial capital investment – Mining farms require significant upfront costs (hardware, rent, cooling, etc.).
I’m currently gathering information on setting up a mining operation in Bali and looking for partners, investors, or insights from experienced miners in Indonesia. If anyone here has experience with Bitcoin mining or investing in mining operations, I’d love to hear your thoughts!
Do you think Bitcoin mining is still a profitable investment in Indonesia given the current market conditions? Let’s discuss!
No comments:
Post a Comment