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Bitcoin mining in south africa, like anywhere else, is an expensive process.
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In the real world, africa is far from being a bitcoin mining hub. Mining factory aims to show the people of south africa that bitcoin mining is actually a feasible business and provides an effortless passive income. Bitcoin mining is not a long term investment at all. The short answer is yes. To support, legitimize and monitor the bitcoin network and its blockchain.
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Whether bitcoin mining is profitable depends on the situation, but for most people the answer will be no.
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As a result, currencies such as bitcoin, end up being an import. Digiconomist estimate bitcoin mining to consume around 73twh of electricity for 2018. When bitcoin was first mined in 2009, mining one block would earn you 50 bitcoin. The antminer s9 11.85th bitcoin miner is able to mine in the region of between 0.4btc and 0.45 btc per month at the current bitcoin difficulty. A cryptocurrency can be acquired through so called mining.
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