/Japanese Bitcoin Mining Just Became More Attractive

Japanese Bitcoin Mining Just Became More Attractive

 

About five or six years ago, it was possible to profitably mine Bitcoin using nothing more than a desktop PC. Fast forward to today,profitability requires huge amounts of hash power and, in turn, a considerable amount of electricity. 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, the latest region to enter the fray is Japan.

 

Also, 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.

 

Here’s what Japan Today said about the climate:

According to reports, one company engaged in Japanese bitcoin mining 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 Japanese bitcoin mining surrounding the cryptocurrency space  and 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, Hubspot Inbound Marketing Expert) 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.