Setting Up a Mining Farm in Mongolia: Need Your Insights

Any tips on starting a mining farm?

What kind of tips are you after?

You can't expect a whole business plan from a two-word post. Need more info.

Yeah for real, we need to know about your setup. What’s your electrical capacity? What about the energy costs?

From what I’ve picked up, Mongolia is pretty chill about bitcoin and has cheap power, especially in Ordos. But seriously, how much cash do you have for infrastructure? You gotta be specific to get solid help.

Sorry if my questions weren’t great. Here’s more detail: it’s close to Ulaanbaatar. Power cost is 0.02 per kWh, and mining is legal there.

That’s a solid start, cheap and reliable power is key. Just remember, the halving is coming soon. Gotta factor that in for profits.

But I’m unclear on why mining isn’t booming in Mongolia if the conditions are so good.

If the government backs mining, that’s a plus. But how many rigs are you planning to set up?

I’m looking to snag about 1,000 used miners from China, like M31S or M21.

Ordos is in China, not Mongolia! So just be careful with those numbers.

True, but keep in mind that cheap power doesn’t guarantee reliability. That rate might be subsidized and not everyone can access it.

It might be that not many know about the mining potential. Plus, I heard there might be issues with land and resource use.

You’ve got the energy cost right, but a floating rate means it could change. Halving’s next year make sure you plan for that.

If the government’s on board, why sweat the paperwork? Just get started. I’ve heard more about farms in Kazakhstan though.

Mongolia does seem good for mining but sourcing the machines might be tough and expensive.

Aren’t there issues with energy reliability, though? Blackouts and all that?

Yeah, but it’s not like they’re super common. And there is a risk with legal stuff too. What happened to Chinese miners could happen again.

Would hate to build a huge setup and have to shut it down in a year.

The risk is real. You might not even be able to keep the low power costs. Regulations could change any moment.