Bitcoin mining in Zimbabwe 🇿🇼

QuestionsCategory: GeneralBitcoin mining in Zimbabwe 🇿🇼
default avatarTawa asked 2 months ago
How profitable  is Bitcoin mining in Zimbabwe?

1 Answers
7cd8de6a55efa6895d32563517e0734bf13d7275c0b9815531601ad8b84413f3?s=48&d=mm&r=g8nzsm Staff answered 2 months ago
Bitcoin mining profitability really depends on a number of variables. These variables include the price of electricity, the accessibility of machines, the cost of machines, and the ease of mining.
Electricity price in Zimbabwe is around $ 0.05 per Kwh.
Different mining hardware have different specs, so to calculate profitability for a specific mining hardware, visit Asic Miner Value Website.
As of now, the most efficient Asic miner is the Bitmain Antminer KA3. With this, you can make around $ 41 per day and it costs $ 10 000. So to break even, you will need 244 days. – Not so bad right?

Bitcoin mining is still profitable if you have the right hardware. With outdated hardware like S17, you will be making a loss of $ 2.17 a day after deducting costs.
The main problem about mining from Zimbabwe is ELECTRICITY. There is a worsening electricity crisis due to bad management by the ZANU PF govt. You can go for more than 48 hours without Electricity sometimes. This will affect yours earnings if you are mining from Zimbabwe.
The best solution to this is to get your mining hardware hosted somewhere outside the country .. like in the US.