How does crypto mining behave at locations in Europe and neighboring countries?
Inexpensive electricity contracts are not being renewed and the fear of investing is increasing. In this article you will find out how you can safely and #profitably enter #cryptomining despite the situation.
Why crypto mining in Germany / Europe is only worthwhile to a limited extent
The #electricity contracts concluded in recent years are currently no longer being extended. Farewell to German electricity prices of less than EUR 0.20. Electricity providers can no longer be tied to an acceptable electricity price. Only high electricity contracts can be concluded, which are upwards from 0.30 – 0.40 EUR/kWh. With these electricity prices, pure #BitcoinMining is no longer worthwhile in #Germany, since the electricity costs are higher than the income per month.
With various #altcoins, returns of approx. 1-2% per month can still be achieved in Germany, but here too the underlying electricity price is very important. The returns for a comparable #MiningFarm, at one of our hosting locations in the #USA, are between approx. 7-12% per month. The bigger the investment, the bigger the return.
We offer multiple hosting locations worldwide. If you have a location with the appropriate electricity capacity, we can set up just the mining farm for you if you wish. Depending on the location, hosting is also possible with us.
There are a few things to consider, in the supposedly cheaper countries such as #Czech Republic, #Hungary, #Norway, #Sweden, #Switzerland, #Portugal etc. a massive upward trend in electricity prices can be seen. It remains to be seen what the price of electricity will look like next year and whether the upward trend will continue on a massive scale. experts assume. In general, for example in Germany, this depends on many factors.
Will Germany still not get gas from Russia?
Will Germany go fully electric, requiring even more energy?
Will the nuclear power plants in Germany be put back into operation?
What about the coal power plants?
So the uncertainty accumulates and there remain question after question and the answer uncertain.
So if you want to set up your planned mining farm investment in Germany, in the EU, or in the nearby countries, you should ask yourself whether it would be self-sufficient with alternative energy sources. If so, the start of crypto mining can be presented profitably. If you still need the right battery storage for a self-sufficient mining farm, we can also help you with this solution. Over the years, our network of partners has become very extensive, making us a strong partner for you in all areas of crypto mining.
So if you have your own PV stand-alone system or your own hydroelectric power plant, you can also profitably operate crypto mining at your location.
Why we attach so much importance to high quality
The Smart IT Alliance GmbH stands for a high quality standard, offers excellent service, the highest possible location security and redundant power connection for the perfect process. Our requirement is not to be the cheapest, but to be the best provider.
Maybe you know the saying my grandmother used to say: “If you buy cheap, you buy twice”.
We stand for quality and satisfaction.
How is the process?
Step 1. Individual advice. Arrange a callback, video call, or a personal meeting with us.
Step 2. We will make you an offer according to your wishes and needs.
Advice and the preparation of an offer are, of course, free of charge.
Step 3. You sit back and let us take care of all the transactions.
Convince yourself of us.