Japanese Bitcoin Mining Just Became More Attractive

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About five or six years ago, it was possible to profitably mine Bitcoin using nothing more than a desktop PC. Fast forward to today, and profitability requires huge amounts of hash power and, in turn, a considerable amount of electricity. Of course, unless this electricity is cheap, profitability is difficult to achieve. This has led to markets searching for the most efficient (from a price perspective) regions globally to set up their mining operations.

 

Historically, China has been a popular choice as have some areas of Eastern Europe

Now, however, the latest region to enter the fray is Japan.

Specifically, a region in northern Japan where the climate is ideally suited to this sorof mining activity.

 

 

The region in question is called Kazuno City and it has a population of approximately 32,000. It is located on a mountainous northern prefecture on Japan’s primary island called the Akita Prefecture.

Japanese Bitcoin Mining Just Became More Attractive

 

Here’s what Japan Today said about the climate:

According to reports, one company is already making plans to set up an operation in the region and expectations are that many more will follow, lured in by the potential profits rooted in cheap electricity and a cryptocurrency friendly government environment.

The company in question is called Miner Garage. According to, again, Japan Today:
 

 




 

This is just one of many positive developments out of Japan surrounding the cryptocurrency spaceand it further reinforces the country’s efforts to establish a leadership position in this sector.

 

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Salau Adeniyi Olayinka (CEP, MCTP,CSCU) is an accomplished Digital Marketer and E-Business Consultant . His passion is writing and sharing of knowledge and meeting people. He intends to use this blog to boost ICT and E-Business Knowledge in Nigeria and beyond.
He is currently the Digital Marketing & I.T Executive for New Creations Properties Limited , a Real Estate Firm in Ogun State, Nigeria as well as the CEO of Fourth Mouse Consulting , a Digital Marketing firm in Nigeria.

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