I am looking to buy a Bitcoin miner. I am from india. So I want to ask , will it be profitable to buy a bitcoin miner set and start a mining business in India ?
closed as off-topic by Mark S., cdecker, Pieter Wuille, Murch♦ Jun 13 '16 at 8:32
This question appears to be off-topic. The users who voted to close gave these specific reasons:
- "Questions on current market values, energy costs or service provider availability are off-topic as the answers are changing too frequently to be useful to others." – Murch
- "Questions seeking product or service reviews are off-topic because they tend to attract subjective, low-quality, and spam answers. On the other hand, offerings in the Bitcoin space are still evolving rapidly which often renders answers outdated quickly. For more information see this meta-discussion." – Mark S., cdecker, Pieter Wuille
That all depends on your local electricity costs, including cooling costs. It may also be determined by the rates offered at the exchanges you have access to.
I don't know of any India-specific mining profitability calculators, but here's one that calculates based on US dollars. You could probably convert your costs to dollars and come up with a reasonable answer.