Bitcoin Mining in Indonesia – Profitable Business or High-Risk Investment?
I’m currently working on a Bitcoin mining business in Bali and exploring the profitability and risks of mining in Indonesia. Given the recent BTC price surge ($87K) and the halving event, I wanted to start a discussion on whether mining is a good investment in Indonesia right now.
Why Bitcoin Mining in Indonesia?
-Industrial electricity (PLN I-2) is relatively cheap (~$0.0586/kWh) compared to many other countries.
-Bitcoin post-halving rewards & price growth still make mining profitable.
-Renewable energy options (hydropower) could lower costs even further.
-Miners like Antminer S21 (200TH, 3,500W) offer better efficiency.
Challenges & Risks to Consider
-Access to high-capacity electricity (150-200kVA) – Is PLN cooperative with miners?
-Regulatory uncertainty – How does mining fit into Indonesia’s evolving financial rules?
-Initial capital investment – Mining farms require significant upfront costs (hardware, rent, cooling, etc.).
I’m currently gathering information on setting up a mining operation in Bali and looking for partners, investors, or insights from experienced miners in Indonesia. If anyone here has experience with Bitcoin mining or investing in mining operations, I’d love to hear your thoughts!
Do you think Bitcoin mining is still a profitable investment in Indonesia given the current market conditions?
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Ferrari, the luxury sports car manufacturer, is now accepting cryptocurrency as a payment method in the US, with plans to extend this service to Europe in the near future. The decision to embrace crypto is in response to demand from both young investors who have gained wealth through cryptocurrencies and traditional investors seeking portfolio diversification. Ferrari is partnering with #BitPay to process cryptocurrency payments, allowing purchases with #Bitcoin, Ether, and USDC. Importantly, prices will remain unchanged, with no additional fees or surcharges for crypto payments. However, due to high demand, orders are currently backlogged until 2025, and the volatile nature of cryptocurrencies could impact the final value of the purchase when the cars are delivered.
Which #Ferrari would you get with crypto?