Global Bitcoin mining farm overview: By the end of June 2023, the number of mining machines participating in Bitcoin mining in the world has exceeded 8 million. Before May 19, 2021, China's Bitcoin computing power accounted for 75% of the entire network computing power. %, there are more than 6 million Bitcoin mining machines operating in the mine. By the end of December 2022, the shutdown rate of domestic Bitcoin mining machines in China will exceed 70%, and most of them have been transferred overseas. With the further tightening of regulatory policies, China's bitcoin mines will be completely shut down, and the only way out for mining machines is to find suitable mines for overseas operations.
Sichuan Ya'an Bitcoin Mine (Closed)
Global Bitcoin Hashrate Distribution
An overview of Finland’s bitcoin mining policy:
Cryptocurrency Regulations:
Finnish businesses and exchanges are allowed to use cryptocurrencies for activities, and the government recognizes bitcoin payments, which are taxed as income based on market prices.
Banking and Remittance:
Regulations administered by the National Bank of Finland allow credit institutions to offer account services to providers of exchange services between virtual and fiat currencies, as well as to custodial wallet providers.
Foreign exchange regulation:
Finland has access to all digital currency exchange platforms in the world, and many domestic exchanges provide crypto trading pairs linked to the euro, and establish physical exchange points and ATMs for crypto exchanges across Finland.
Miner supervision:
There are no specific regulations or licensing requirements in Finland to restrict the mining of virtual currency miners. As long as miners legally enter the power grid and pay personal or corporate income tax legally, mining activities are generally considered legal in Finland.
tax:
Finland taxes small and micro enterprises at a rate of 1-3% of profits, plus an additional 5% dividend tax, and no other taxes.
Electricity load available for Bitcoin mining in Finland
Introduction to the KOTKA Bitcoin mine in Finland
200 kilometers away from Helsinki, the capital of Finland; 3 kilometers away from the entrance of the Finnish National Highway E18; the total area of the mine: 22,000㎡, the area of the mine box placement space: 10,000㎡; connected power: 20MW can be expanded to 100MW / hour, can accommodate 33,000 mining machines; distance from a large substation that has been built: 100 meters; the park is equipped with a complete video surveillance system and an independent security team service; fiber optic access to the Internet;
The KOTKA Bitcoin mine in Finland is a professional Bitcoin mine located in KOTKA, Finland, operated by Oy Green Nordic Data Service Ltd (GNDS for short), with a total project load of 100 MW. 20 MW has been built and put into operation. The mine has signed a custody agreement with Bitmain to host Bitmain’s Antminer S19 series models above 140T, with a total installed capacity of more than 33,000 units. It is expected to be fully operational before May 2024.
Bitcoin mine income analysis:
Electricity price difference:
About: 0.015 Euro/KWh;
The price of Bitcoin exceeds 40,000 US dollars, and the difference in electricity charges exceeds: 0.025 cents;
Grid Rewards:
According to the contract, the Finnish National Grid rewards enterprises that use more than 95% of the contracted electricity every year to reward 5-15% of the annual electricity fee;
Hashrate for sale:
The mining farm self-builds and operates part of the computing power, which is open to global investors to invest in computing power and share the wealth appreciation brought about by the appreciation of Bitcoin;
Sichuan Ya'an Bitcoin Mine (Closed)Global Bitcoin Hashrate DistributionAn overview of Finland’s bitcoin mining policy:
Cryptocurrency Regulations:
Finnish businesses and exchanges are allowed to use cryptocurrencies for activities, and the government recognizes bitcoin payments, which are taxed as income based on market prices.
Banking and Remittance:
Regulations administered by the National Bank of Finland allow credit institutions to offer account services to providers of exchange services between virtual and fiat currencies, as well as to custodial wallet providers.
Foreign exchange regulation:
Finland has access to all digital currency exchange platforms in the world, and many domestic exchanges provide crypto trading pairs linked to the euro, and establish physical exchange points and ATMs for crypto exchanges across Finland.
Miner supervision:
There are no specific regulations or licensing requirements in Finland to restrict the mining of virtual currency miners. As long as miners legally enter the power grid and pay personal or corporate income tax legally, mining activities are generally considered legal in Finland.
tax:
Finland taxes small and micro enterprises at a rate of 1-3% of profits, plus an additional 5% dividend tax, and no other taxes.
Electricity load available for Bitcoin mining in FinlandIntroduction to the KOTKA Bitcoin mine in Finland
200 kilometers away from Helsinki, the capital of Finland; 3 kilometers away from the entrance of the Finnish National Highway E18; the total area of the mine: 22,000㎡, the area of the mine box placement space: 10,000㎡; connected power: 20MW can be expanded to 100MW / hour, can accommodate 33,000 mining machines; distance from a large substation that has been built: 100 meters; the park is equipped with a complete video surveillance system and an independent security team service; fiber optic access to the Internet;
The KOTKA Bitcoin mine in Finland is a professional Bitcoin mine located in KOTKA, Finland, operated by Oy Green Nordic Data Service Ltd (GNDS for short), with a total project load of 100 MW. 20 MW has been built and put into operation. The mine has signed a custody agreement with Bitmain to host Bitmain’s Antminer S19 series models above 140T, with a total installed capacity of more than 33,000 units. It is expected to be fully operational before May 2024.
Bitcoin mine income analysis:
Electricity price difference:
About: 0.015 Euro/KWh;
The price of Bitcoin exceeds 40,000 US dollars, and the difference in electricity charges exceeds: 0.025 cents;
Grid Rewards:
According to the contract, the Finnish National Grid rewards enterprises that use more than 95% of the contracted electricity every year to reward 5-15% of the annual electricity fee;
Hashrate for sale:
The mining farm self-builds and operates part of the computing power, which is open to global investors to invest in computing power and share the wealth appreciation brought about by the appreciation of Bitcoin;
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