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Creating a small bitcoin mining farm in Argentina/Paraguay

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Hi, I was wondering if I could get some of you guy's advice on this matter. So I wanted to start mining bitcoin but with my electricity rates, I don't think that that will be possible.

So what im trying to do now, is to buy mining equipment that is really not expensive, not profitable in my area, and I want to set them up in Argentina/Paraguay, where they would be doing really well because of the cheap electricity rates.

Right now I think the electricity rates in Argentina/Paraguay are about 0.038 cents/kwh, and I have a supplier who can provide me with some s17+. He can do about 4500$ for about 120 units. With that electricity rate, each unit would make about 1400$ a year. Of course the shipping fee would be be high between 3000-6000 according to what I've seen. And there are a lot more expenses such as rent, etc.

But for the profit, with a rate of 0.04c each miner would make approximately 1000$ a year. For 120 miners, the annual net profit, not gross, would be around 110 000$.

So I need your guy's advice on my idea. I'm pretty excited which I understand can make me see things not clearly. I need some ideas on where I could run the miners. Should I host them, should I build a shed and run it there, should I rent a storage room and run them there, I don't know any idea is appreciated. I also need help with customs, if some people have experience with mining in other countries, what do I have to do to be able to do this legally in Argentina or Paraguay.

Thank you very much for those who read the whole thing. The idea is still just in development so please understand that a lot of details are probably going to be missing.

Right now, my biggest questions are what can I do to run them over there. And how can I feel with customs (Do I have to register my business in the country, do I need a tax ID, etc).

Every idea is helpful. Please leave a message if you can, I'm taking every suggestion.

Have a good day :)

submitted by /u/Designer_Session2145
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