Yea all the electronics generate a bunch of heat so colder places are preferred. They also need to have a good and cheap energy supply. If they can set it up there and maintain a good running temperature with cheap energy, profits will be the most optimized.
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Russia is a country that can clean up on crypto mining if they would dedicate themselves to it. They have a great deal of renewable energy, especially hydro power as well as cold climates across most of their country.
They dont need to buy Bitcoin, just set up huge mining operations across the country.
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I agree. They have so much space and energy is essentially free if they put their efforts towards it. I doubt it will ever be the case in the US however. We are stuck with the government controlling everything and ripping us off.
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