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Author: Admin | 2025-04-28
Could be to the tune of ₹30,000 to ₹50,000 per month. While a basic cryptocurrency mining system starts at ₹50,000, the professional one with high-end motherboard and eight graphic cards costs about ₹4,00,000. Mr. Ajay is not alone in setting up rooftop solar plants. He has company from fraternity groups in WhatsApp and Telegram in India and abroad who have already set up solar power units. As per estimates, there are a few lakhs of crypto-miners in India while the Telugu States Andhra Pradesh and Telangana have a few thousands of them. Offshore officesThe cost cutting is not just limited to solar power units. Better ideas are apparently evolving in the social media groups. There are smarter miners who want to set up shop abroad, especially in colder countries to save on power. “We have a group of like-minded people in our WhatsApp group who are aiming at setting up our systems in Ukraine and other cold countries nearby. We are most likely to do it shortly,” said Mr. Ajay.Equipment businessMeanwhile, the crypto-mining equipment supply has emerged as a big business in India. The demand for equipment is growing multifold, according to Bhimavaram-based Krishnam Raju who caters to Andhra Pradesh, Telangana and Tamil Nadu markets. “The business is maturing fast. Now, the import time for customised motherboards and graphic cards from China and Singapore has reduced to seven days. The customs clearances are processed instantly. Earlier, the import used to take about a month,” said Mr. Raju.The fast-emerging market segment
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