#Digital Marketing Agency Trinidad

[simply-intense]

Simply Intense : Your Partner in Mastering Digital Marketing Trends

In the fast-paced world of today, especially Trinidad, Digital marketinghas become essential for businesses. Businesses need to keep up with the newest trends in order to prosper. This article outlines current developments in digital marketing and how Simply Intense is helping Trinidadian companies stay on top of them.

Customization is becoming popular as consumers want brands to meet their specific wants. To encourage loyalty and repeat commerce, this can take many forms, such as customized product recommendations or personalized communications. Simply Intense assists companies in using customer data analysis to develop tailored marketing plans that improve customer satisfaction and increase revenue.

Another noteworthy development is the increase of video material. On sites like Instagram and TikTok, brief but interesting videos are a great way to grab viewers' attention and tell brand stories. Trinidad's artistic environment enables companies to create original video material. Creating engaging video marketing campaigns that educate and amuse is made easier with the help of an agency for Digital Marketing in Trinidad - Simply Intense !

Influencer marketing is one way that social media influence is still quite strong. Working with regional influencers can increase a brand's legitimacy and reach while increasing consumer relatability. Brands may find the ideal influencers to successfully magnify their messages with the aid of Simply Intense.

SEO stands for search engine optimization, and it's necessary to be visible on search engines like Google. To guarantee that their enterprises draw in local clients, Trinidadian companies must implement local SEO tactics. We offer tips on how to optimize websites and content for higher search engine rankings with the latest Digital Marketing Trends.

Businesses are able to make more educated decisions because of data analytics, which is revolutionizing  Transformative Marketing techniques. With the tools that Simply Intense provides for data collection and analysis, businesses can better target their advertisements and increase profits.

Furthermore, active efficiency and customer service are being improved via automation and AI. 24/7 consumer involvement is made possible by chatbots and other AI technologies, freeing up business time for relationship-building.

Lastly, with more people accessing the internet through mobile devices, mobile optimization is essential. To increase user experience and conversion rates, Simply Intense makes sure businesses have mobile-friendly websites. In short, keeping pace with digital marketing trends is crucial for Trinidadian firms. Simply Intense is qualified to assist them in improving their internet visibility and successfully establishing a connection with their audience.

[ruraldevelopmentcompany]

Enhancing Rural Communities: The Key Role of Infrastructure and Social Facilities Services

Rural communities play a vital role in the socioeconomic fabric of any nation. However, their development often lags behind urban areas due to inadequate infrastructure and social facilities services. Addressing this gap is essential for fostering inclusive growth and improving the quality of life for rural residents. In places like Tobago and Trinidad, where Infrastructure and social facilities services are crucial for sustainable development, concerted efforts are needed to bridge this divide.

One of the primary challenges facing rural areas is the lack of basic infrastructure such as roads, electricity, and water supply. Without these essentials, communities struggle to attract investment, businesses, and residents. Moreover, inadequate infrastructure hampers access to essential services like healthcare and education, further exacerbating disparities. In Tobago and Trinidad, where agriculture is a significant economic driver, reliable transportation networks and storage facilities are essential for farmers to access markets and preserve their produce. Hence, investing in Infrastructure and social facilities services in Tobago and Trinidad is critical for unlocking the full potential of rural economies.

Additionally, access to social facilities such as schools, healthcare centers, and community centers is vital for rural development. These institutions not only provide essential services but also serve as hubs for social interaction and cultural exchange. However, many rural communities lack adequate facilities, forcing residents to travel long distances for basic services. By investing in the construction and maintenance of schools, clinics, and recreational facilities, governments and development agencies can create more inclusive and resilient communities. In Tobago and Trinidad, where rural populations often face limited access to healthcare and educational opportunities, improving Infrastructure and social facilities services in Trinidad is paramount for fostering equitable development.

Furthermore, enhancing connectivity through digital infrastructure is essential for rural development in the digital age. Access to reliable internet services enables rural residents to access online education, telemedicine, e-commerce, and other opportunities previously unavailable to them. By bridging the digital divide, governments can empower rural communities to participate more fully in the global economy and access information vital for their well-being.

In conclusion, investing in Infrastructure and social facilities services is crucial for promoting rural development and reducing disparities between urban and rural areas. In Tobago and Trinidad, where rural communities face unique challenges, targeted investments in infrastructure and social facilities are essential for unlocking their full potential. By prioritizing these investments, governments and development organizations can create more inclusive, resilient, and prosperous rural communities.

[simplyintense]

Internet Marketing Company Trinidad | Creative Digital Agency We are best known for delivering modern marketing with a digital-first mindset. We are an Internet Marketing Company that delivers excellence for clients across a vast array of industries.

[toucanmedia]

Toucan Media is a Digital marketing, Digital Ad and web solution company in the Caribbean with offices in Trinidad and Jamaica. This online marketing and digital ad agency was born on April 18th, 2008 as a company based in Dubai. Toucan is passionate about digital media and all the benefits it has to offer the emerging markets across various industries.

In 2010 Toucan formed a partnership with WebFX, to manage the digital services for clients in Trinidad and the Southern Caribbean. This partnership eventually extended to Jamaica, with the opening of Toucan's 2nd office in 2012. This allowed Toucan Media to manage clients in Jamaica and the Northern Caribbean islands like the Bahamas, Haiti and the Turks and Caicos Islands.

Toucan, since then, has evolved into a full digital solutions company. Toucan's focus remains on simplifying and integrating digital media for the clients and letting it take form of a central strategic tool, for their growth and survival. Learn more about Toucan Media here.

[travelguidesmagazine]

Trinidad

AIRLINES & PRIVATE JETS

HOTELS & RESORTS

RESTAURANTS & BEACH CLUB

DUTY FREE SHOPPING DESTINATION

NIGHT LIFE

FOOD & DRINK

CRUISES

CHARTERS

CAR RENTAL

FITNESS & LIFESTYLE

HEALTH & BEAUTY

DESIGN SHOWROOMS & HOME DECOR

HOME & REAL ESTATE

THINGS TO DO

ART GALLERIES

ONLINE MAGAZINES PARTNERS

Hotels Escapes  Exclusive Access to the World’s Most Captivating Places.

Islands Magazine  A glimpse into The World’s High & Hip Society, Travel + Lifestyle!

Saint Barth Magazine  The latest trends of Saint Barthélemy.

Sint Maarten Magazine  (Eat | Play | Stay | Drink | Shop | Relax & Renew)

Travel Secret Escapes  Call +1(561) 247 9101 we’re here to help!

Vizium Group  Digital agency that provides business strategy, design and marketing.

[bookdoge-blog]

Trinidad And Tobago

How Should the Agency Define "Significant" Injury or Illness? Physical therapy treatments are normally provided over an extended time as therapy for a serious injury or illness, and OSHA believes that such treatments are beyond first aid and that cases requiring them involve medical treatment. You can cancel your Liberty HealthShare membership at any time and are under no obligation to continue with the program. So even though it is a great all time four-wheel drive vehicle and can get through tough terrain, it would be absolutely useless after an EMP,” Rick Austin said. There are even equipments you can use in some recreational centers. The carve-out vendor may increase employer and employee satisfaction by lowering plan costs, providing high-quality care through the use of well-regarded specialists, and providing easier access to medical products and services. This exclusion applies in those situations when an employee is totally disabled with respect to his or her regular job but is engaged in other employment that can be performed despite the employee's condition. Employee benefit plans may or may not have the numbers needed to determine loss expectations accurately. If an option A death benefit is in effect, the amount of the pure insurance is increased by the amount of the loan or withdrawal so that the total death benefit remains the same. The Healthcare Integrity and Protection Data Bank (HIPDB), which became operational in 1999, is intended to combat fraud and abuse in health insurance and health-care delivery. Any package containing prescription drugs may, in principle, be seized by US Customs and Border Protection. Don't forget to include online pharmacies in your search, as they often have the best prices, and you can save a lot of money on a prescription. Those who do go to the trouble of putting together an "alternative" cancer treatment website generally seem intent on making money out of it. Typically, a replica of a legitimate website is used to encourage targets to enter details such as credentials, banking information, canada pharmacy online and personal details. This one often targets businesses and involves an email containing an invoice for legitimate-sounding services. Some plan sponsors feel that the unbundled approach is the best way to obtain the best quality services because the different vendors theoretically have specialized expertise in the area chosen. Both neighbors have dogs. I am grateful we have so many independent thinkers and the freedom to express ourselves. With the persuasive power of online reviews, these have become a means for digital astroturfing. Power Boats and Island Properties, as well as Peake's, have haul-out and full service facilities for boats. My experience is that most hospitals have advanced directives recorded for less than 25% of their patients. Some drivers are aggressive and have little reluctance about straddling the center of the road. Currently, marketers are able to manually enter a distinct display URL for their ads. The odds of pulling off a successful scam are low, so the pool of potential victims has to be very large. A superb cedar staircase leads to the West Exhibition Room where art collections of the Bermuda National Gallery and Bermuda Society of Arts, chandeliers and more are displayed. Numerous generally utilized rest meds, including benzodiazepines like Valium and barbiturates like Nembutal, can cause daytime sleepiness, over-sedation, and synthetic reliance. I’m not much for traps, but like I said earlier. Communities like Littleton, Thornton, Colorado Springs, and Aurora still grapple with the reality of family members never returning home from a movie, school, their doctor’s office, or simply running errands. The companies I started shared ownership with employees, and I want to make it easier and reduce red-tape for businesses across Colorado to do the same. Nitrazepam, which can expand your longing to keep taking these prescriptions (reliance) or can make you exceptionally drowsy. The Arnold Schwarzenegger fan, nicknamed 'The Mountain' in his hometown, had already been taking a cocktail of steroids, hormones and horse vitamins to bulk up. Understanding these reactions can enable purchasers to settle on educated choices about utilizing mesmerizing medications and may demoralize nonmedical clients from taking this medication recreationally. She was prescribed a combination of medications that should never be given to an older person. The insurers can bargain down the price of test strips.

[reviewstars-blog1]

Details Overload - The Bane Of Web Marketers

Ask any SEO what they believe is the most significant part of boosting your site; you'll quite likely get an action leaning towards the SEO elements of your site. You may well get a response that guides you towards PPC if you ask an online marketer. Both are a very viable and essential component of your website marketing campaign.

Lots of advertising companies admit the time has come for a brand-new king to crowned. Nearly 75% of advertisement agencies report that online video ads are taking consumers to the next level.

Designing them is basically as creating an ad. Here you have the chance to tell your clients why your product is incredible and why they need to convert.

Marketing items online with Blogspot is secure and reliable mainly since Google owns the service. The blog site itself is Google friendly, and it makes indexing your material simpler.

It may sound a bit like what we spoke about in function, but it goes further than developing a voice. There is a lot of blogs out there. You require to stand out in some way if you want to set your Digital marketing in Trinidad and Tobago apart from other companies efforts.

[joanprimmer10]

Your first few steps to start Multi-vendor eCommerce websites:

Your attention on the more potent things will support your e-commerce business idea. You should observe the critical steps of growing a multi-vendor website into an efficient business, below are few key steps which you may follow to be on the right track to start your multi-vendor e-commerce platform Online shopping in Trinidad and Tobago.:

Deciding a Niche

Looking into the present market scenario, it is ideal for you to develop e-commerce business targeting a particular or bunch of product or segments and stay out of the crowd.  You must dedicate the right amount of time to discover, which niche is unique, try statistical surveying to know the different thoughts and regions where those products can be sold.

Feasibility Study

Judge the possibility of the thoughts before dreaming of business development. The eCommerce boom has led to some online multivendor eCommerce platforms, which span across numerous industries. Moreover, it has also become highly feasible to start your eCommerce company by just choosing an e-commerce platform. However, with increasing competition you have to be choosy and not become a clone of big competitors, be ready for change and stay out of the crowd.

Business Planning and Research

For any business, planning is the key to success. It helps you to determine the brand itself that makes a place in the hearts of its audience. Before jumping into anything, there are couples of things to remember, to consider things like venture model, sources of income, marketing strategy and more in the planning stage before settling up the marketing plans.

Since it is vital for e-commerce business to know where its potential clients? Where are they? What is the best medium to reach them?

Website Development

In simple words go ahead with Multi-Vendor eCommerce Marketplace (shopping cart system) which allows you to own, enhance, add new features and customize the platform according to your business needs and serve as a long-term solution. There are many e-commerce solution providers in the market but make sure you choose the best and the most affordable solution and do not burn your pocket as you need more and more money to promote your new venture.

You can plan, outline and build up your multi-vendor e-commerce website without any hard work when you hire an end-to-end eCommerce solution provider.

We are not going to write anything about the last and most important step which is promotion because we think promotion or advertisement depends on your market segment/niche. However, we suggest you hire a digital marketing agency as they are expert and they can help you in a better way to get your first few sales.

[illuminousone]

Year in Review Goals and Accomplishments

My word for the year of 2017 is transitioning. A lot of little things happened that shaped me into the woman I am at age 25.  This post will serve as a reference for the years to come for the goals I will achieve and accomplishments I have overcome. 

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Accomplishments:

Got awarded for top urban blog (SEO is important)

Participated in Above All Sports for Nashville bloggers

Did a sponsored post for Cars.com and Seventh Generation

Launched course, got exactly one student - will relaunch again with a better plan and copyediting

Moved to my hometown of South Florida during the winter months

Attended my first blogger award show 

Networked and met new people 

Consistently hosted a guest post series all year.

Published 50 new blog posts. Nowhere near my goal of 120, but it’s a step up from last year

I have been working on my social media growth as often as possible. Social Media Accomplishments:

1300+ Instagram Followers 6000+ Twitter Followers 1800+ FaceBook Followers with another 1100+ Facebook Friends  (I can't believe I have been on Facebook for 10 years as of June 2017!) 200+ Pinterest Followers These goals I wrote down and accomplished! The power of planning, strategizing, and speaking it into existence!

Personal accomplishments:

Procrastination - it wasn’t until my laptop was stolen out of my car that I had a wake-up call on just how much procrastination was affecting me negatively. Self Care - I have been vegan for a good 30 days which was a first for me.  It’s also easier for me to say no to the things that don’t make me happy, don’t make me money, or don’t make me a better woman, partner, and businesswoman. This year I’ve been told many times that I am a good woman. It only motivates me to be an even better woman next year.

Personal and Business Goals for next year:

I will become a six-figure-aire by touching millions of lives.  I will have seven streams of income including affiliate/sponsorships, book publishing, online courses, workshops and seminars, five new social media marketing clients every on 90 days on a recurring basis, photoshoots, which will all be aligned in my digital marketing agency. I will also be migrating over to the podcast world. As a result, it will reduce the stress on my husband as I also receive my dream car of a Lexus and my dream house of at least 2,000 sq ft 3 bedroom, 2.5 baths, 2 car garage, backyard and upstairs porch.

Be better organized - I am subscribed to so many platforms. Now I just need to focus on continuing to minimize them down to the ones I definitely utilize. 

Cook Less - Ever since I have moved back to South Florida, I can understand why people eat out so much, it’s much more convenient. Now I just need to be able to make and maintain a budget for it.

Of course, I’m not going to exclude writing things down in a journal. Sure sharing things here and in Google Docs and in these respective apps help me to be accountable, but nothing feels truer that writing it down in a physical journal.

Travel Goals:

Brazil

It was actually one of the first countries my husband said he wanted to visit. There’s a lot of culture and history in Rio De Janeiro. A couple of my favorite Black travel bloggers have shown me that. I cannot wait to witness the beauty for myself especially since they are removing visa requirement for U.S. Citizens. If I can squeeze in a visit to Bahia, that would be cool too.

Caribbean (Cuba, Aruba, Barbados, Belize, Virgin Islands, Bahamas, Turks and Caicos, Curacao, Dominican Republic, Trinidad, Tobago) I’ve been told it is easiest to accomplish visiting a majority of these countries by cruise.  Ever since Cuba has reopened its “arms” to the U.S., I have seen blogger friends take advantage of that opportunity by visiting. Cuba has a long, amazing history. As a photographer, it would be a perfect opportunity. I am especially interested in visiting the Virgin Islands because that is where my maternal grandfather is from. I look forward to learning more about that side of my ancestry.

Toronto, Canada

I have yet to visit Canada, not even as close as the Niagara Falls. Toronto is becoming a more popular music scene thanks to Drake. I am also a big fan of diversity. So I would love to see for myself just how multi-cultural it is.

Los Angeles, California  BET Awards Weekend Experience, Coachella, or NBA All-Star Weekend occur there. It is full of events, history, and landmarks that I would like to see before they completely float or burn away.

San Diego, California I had the pleasure of photographing my first social worker's conference in 2016. For their 60th anniversary, they will be in San Diego. I have heard a lot about San Diego so it would be a pleasure to see it for myself.

New York City Hubby has not been yet, so I look forward to creating memories with him for my return to New York City. The Grammys and Operation Crossroads Africa 60th Anniversary Celebration are both happening in the City that doesn't sleep.

South Africa for a Photography Workshop When I traveled in 2016, I met some amazing ladies, one of them who has a side gig as a travel event planner. Together we will host the National Geographic workshop for people of color.

Visiting as many African countries as possible such as Zimbabwe, Uganda, Kenya, Tanzania, Lesotho, Swaziland. Participating in Yacht Week East Africa will cover The Seychelles.

Operation Crossroads Africa Group Leader Ever since I returned as a volunteer at the ripe age of 18, I knew I wanted to return as a group leader. Now, I am finally old enough to participate this summer.

United Arab Emirates, to be more specific, Dubai, Oman, Qatar.

Aside from my husband’s home country of The Gambia and the towns surrounding Larabanga, Ghana, I don’t know what it feels like to be in a predominantly Muslim country and I would like to know.

Italy I would love to return to Italy and visit Venice before it is no longer there.

With that being said, that basically sums up my remaining countries needed in order to achieve my goal of 30 countries by age 30. As of 2017, I have five years and 20 countries left. 

Thanks for reading. Like this post? Please share. You may also pin this image to save for later.  

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[simply-intense]

Unlocking Digital Success With Simply Intense : Top Digital Marketing Trends for Trinidad

The Shift to Personalization

One of the most significant trends in digital marketing is the shift toward personalization. Customers today expect brands to understand their needs and preferences. Personalization can include everything from tailored emails to customized product recommendations. This approach helps businesses connect on a deeper level with their audience, fostering loyalty and encouraging repeat business.

Simply Intense emphasizes the importance of creating personalized experiences for customers. By analyzing data and understanding customer behavior, businesses in Trinidad can tailor their marketing efforts. This not only enhances the customer experience but also drives sales.

The Increase in Video Content

Using video content is another trend that is becoming more popular. Videos are interesting and efficient in communicating ideas. Instagram Reels and TikTok are two examples of platforms that have popularized short, attention-grabbing videos. Companies can take advantage of this trend to present their goods, share their narratives, and establish a pleasant and interesting connection with their audience. Trinidad is a creative hub where businesses may create original video content that appeals to local consumers. Simply Intense assists companies in creating engaging video marketing campaigns that inform viewers about their goods and services while also providing entertainment.

Accepting Influence from Social Media

Social media is still a very effective digital marketing instrument. Through social media sites like Facebook, Instagram, and Twitter, marketers can communicate directly with consumers. Influencer marketing is a particularly notable trend. Working with regional influencers can help companies become more credible and reach a larger audience. In Trinidad, influencers have a big impact because of the strong communal links. They can help companies establish a more sympathetic first impression with potential clients by introducing things in an approachable manner. Simply Intense understands the importance of this strategy and helps brands choose the ideal influencers to spread their message.

The Significance of SEO

Another essential component of digital marketing is search engine optimization (SEO). It guarantees that a company’s website appears highly on search engines such as Google. Reaching potential clients and drawing in organic traffic require this. Content optimization for voice search and local searches is becoming more popular, which is particularly important for Trinidadian enterprises. Businesses can attract clients who are looking for goods and services in their area by concentrating on local SEO tactics. Simply Intense, a agency for Digital Marketing in Trinidad offers advice on content and website optimization, assisting companies in making a lasting impression on local customers and search engine rankings.

Making Use of Data Analytics

Digital marketing is changing how organizations approach the platform thanks to data analytics. Businesses can make well-informed judgments regarding their marketing strategies by examining client data. With the help of this trend, businesses can better focus their ads and increase return on investment by learning what works and what doesn’t. Utilizing data might give firms in Trinidad a competitive edge because they frequently encounter particular obstacles. Simply Intense provides Transformative Marketing tips with data collection and analysis tools and tactics to make sure their marketing campaigns are efficient and meet customer expectations.

Using Automation and AI

Automation and artificial intelligence (AI) are becoming essential components of digital marketing. These tools can offer insightful data, expedite procedures, and enhance customer service. For example, chatbots can respond to consumer questions around-the-clock, improving the user experience. Businesses in Trinidad may manage their marketing campaigns more effectively by implementing AI. We promote the use of these technologies to raise customer happiness and engagement levels, freeing up companies to concentrate on developing connections rather than being mired in paperwork.

Utilizing Content Marketing to Build Communities

The goal of content marketing is to provide insightful and timely information that draws in and keeps users interested. This trend is all about creating a brand community and telling stories. Content marketing can assist firms in establishing a personal connection with their audience in Trinidad, where culture and community are highly valued. Simply Intense invites brands to use blogs, articles, and social media pieces to share their experiences, learnings, and expertise. By doing this, companies may build a devoted clientele and position themselves as leaders in their respective industries.

Mobile Optimization’s Power

Websites and marketing tactics must be mobile-friendly as more people access the internet through mobile devices. Given the increasing use of mobile devices in Trinidad, this development is particularly significant there. Conversion rates can be greatly increased and the user experience is improved by a mobile-friendly website. We assist companies in ensuring their online presence is mobile-friendly, enabling potential clients to easily browse and shop from their devices.

Final Thoughts

[fivensonstudios]

Logo Design for Fantasy Football Trinidad & Tobago. A #greatlogo is simple, yet well-thought-out, a #meaningfulicon or symbol that is a representation of your #business, its products or services, and its values; it should be #intelligently developed and executed to reflect your brand value. After all, your #logo may end up appearing on everything from your #company’s #businesscards, #brochures, and #website to its #shirts, vehicles, and promotional items. In the logo design process, we will collaborate with you to ensure that your new logo integrates seamlessly with your overall #brandstrategy and #companyidentity. Fivenson Studios Based in Ann Arbor, Michigan, our award-winning team specializes in logo and web page design, as well as marketing campaigns for social and print media. From flyers and brochures to targeted landing pages, we aim to bring your company into the spotlight and reach a greater range of potential customers. Your advertising message needs to be expressed in a way that captures the imagination and attention of your customers. That’s where we come in. Fivenson Studios: Michigan's #1 Website Design, Graphic Design, & Digital Advertising Agency Let's Get Social | https://www.fivensonstudios.com | (734) 224-9696 | info@fivensonstudios.com (at Detroit, Michigan) https://www.instagram.com/p/BsJvAyplUpr/?utm_source=ig_tumblr_share&igshid=1rzsg3i8ykw1x

[simplyintense]

Digital Transformation Services Company Trinidad | Simply Intense Our Digital Transformation team holds decades of experience across product research, design thinking, digital solutions, web, and mobile app development, Learn More Services We are passionate about creative projects that help businesses connect in unique ways to their target.

[toucanmedia]

Caribbean businesses can benefit a great from online marketing and advertising. Toucan Media offers digital solutions including online marketing and advertising. Whether its full ad campaign for Google or Facebook and Twitter, Toucan specializes in developing successful digital ad campaigns tailored for a business’ niche and requirement.

Toucan is an expert in media buy and placements on many ad networks and platforms and has an agency agreement with most of them. Toucan has handled ad placements across various niches including Aviation, Telecoms, Hospitality and even the Armed forces. Toucan has helped many businesses in many Caribbean countries such as Guyana , St. Lucia, Trinidad, Jamaica and Barbados, achieve their online marketing goals.

[joshuajacksonlyblog]

Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched

As president, Nicolas Maduro rolls out the El Petro ICO, Venezuela is named the cheapest country in the world to mine Bitcoin. But is it also the most expensive place to live?

The manual for the first 82.4 million units of the Venezuelan cryptocurrency, El Petro was made available for download in multiple languages yesterday to much international criticism. The digital currency, which is linked to the countries oil reserves, has been derided as a workaround of the economic sanctions created to allow those in power to increase their wealth in the crypto market.

President Maduro announced that the valuation of the Petro’s 100 million tokens would be just over $6 billion and that the sale would bring a new economic era to the nation.

Cheapest Mining In The World

Meanwhile, the country has been named the cheapest location in the world to mine cryptocurrency. According to the company Elite Fixtures which carried out a study on the cost of mining around the world Venezuela is more than 100% cheaper then it’s near neighbor Trinidad and Tobago.

According to the company they took statistics supplied by countries and agencies around the world on electricity costs and compared the use on three of the most popular mining rig configurations. The cost in Venezuela was $531 followed by Trinidad at $1,190 with South Korea coming in at $26,170 per coin, the most expensive in the world.

China, Russia, and The United States present similar costs. China being slightly cheaper at $3,965 while both Russia and the US are around $4,700.

But Also The Highest Cost Of Living

While making money mining Bitcoin in the Latin American country may be very profitable due to its subsidized electricity doing almost anything else is very expensive. Inflation over recent years in Venezuela has been as high as 800% by some estimates making the Bolivar essentially worthless as the government prints more and more of the currency.

The oil-rich country carries a 14% budget deficit of its GDP and a 60 trillion debt after decades of mismanagement by corrupt or just truly wrong-minded leadership. Though the official exchange rate is about 6.3 Bolivar per US Dollar the black market rate is multitudes higher, perhaps as high as 100 times that.

Factor in the scarcity of everything from food to medicine, as well as a crime rate that has soared over the last three years and it’s clear that the cost of living in the country would offset the advantage of cheap electricity. Given the dire state of the economy as well as the government’s oblique regulatory stance on Bitcoin and other cryptocurrency trading the launch of El Petro seems an odd solution to the countries economic woes.

The post Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched appeared first on NewsBTC.

from Cryptocracken Tumblr http://ift.tt/2Hxj1F6 via IFTTT

[brettzjacksonblog]

Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched

As president, Nicolas Maduro rolls out the El Petro ICO, Venezuela is named the cheapest country in the world to mine Bitcoin. But is it also the most expensive place to live?

The manual for the first 82.4 million units of the Venezuelan cryptocurrency, El Petro was made available for download in multiple languages yesterday to much international criticism. The digital currency, which is linked to the countries oil reserves, has been derided as a workaround of the economic sanctions created to allow those in power to increase their wealth in the crypto market.

President Maduro announced that the valuation of the Petro’s 100 million tokens would be just over $6 billion and that the sale would bring a new economic era to the nation.

Cheapest Mining In The World

Meanwhile, the country has been named the cheapest location in the world to mine cryptocurrency. According to the company Elite Fixtures which carried out a study on the cost of mining around the world Venezuela is more than 100% cheaper then it’s near neighbor Trinidad and Tobago.

According to the company they took statistics supplied by countries and agencies around the world on electricity costs and compared the use on three of the most popular mining rig configurations. The cost in Venezuela was $531 followed by Trinidad at $1,190 with South Korea coming in at $26,170 per coin, the most expensive in the world.

China, Russia, and The United States present similar costs. China being slightly cheaper at $3,965 while both Russia and the US are around $4,700.

But Also The Highest Cost Of Living

While making money mining Bitcoin in the Latin American country may be very profitable due to its subsidized electricity doing almost anything else is very expensive. Inflation over recent years in Venezuela has been as high as 800% by some estimates making the Bolivar essentially worthless as the government prints more and more of the currency.

The oil-rich country carries a 14% budget deficit of its GDP and a 60 trillion debt after decades of mismanagement by corrupt or just truly wrong-minded leadership. Though the official exchange rate is about 6.3 Bolivar per US Dollar the black market rate is multitudes higher, perhaps as high as 100 times that.

Factor in the scarcity of everything from food to medicine, as well as a crime rate that has soared over the last three years and it’s clear that the cost of living in the country would offset the advantage of cheap electricity. Given the dire state of the economy as well as the government’s oblique regulatory stance on Bitcoin and other cryptocurrency trading the launch of El Petro seems an odd solution to the countries economic woes.

The post Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched appeared first on NewsBTC.

from CryptoCracken SMFeed http://ift.tt/2Hxj1F6 via IFTTT

[michaelbennettcrypto]

Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched

As president, Nicolas Maduro rolls out the El Petro ICO, Venezuela is named the cheapest country in the world to mine Bitcoin. But is it also the most expensive place to live?

The manual for the first 82.4 million units of the Venezuelan cryptocurrency, El Petro was made available for download in multiple languages yesterday to much international criticism. The digital currency, which is linked to the countries oil reserves, has been derided as a workaround of the economic sanctions created to allow those in power to increase their wealth in the crypto market.

President Maduro announced that the valuation of the Petro’s 100 million tokens would be just over $6 billion and that the sale would bring a new economic era to the nation.

Cheapest Mining In The World

Meanwhile, the country has been named the cheapest location in the world to mine cryptocurrency. According to the company Elite Fixtures which carried out a study on the cost of mining around the world Venezuela is more than 100% cheaper then it’s near neighbor Trinidad and Tobago.

According to the company they took statistics supplied by countries and agencies around the world on electricity costs and compared the use on three of the most popular mining rig configurations. The cost in Venezuela was $531 followed by Trinidad at $1,190 with South Korea coming in at $26,170 per coin, the most expensive in the world.

China, Russia, and The United States present similar costs. China being slightly cheaper at $3,965 while both Russia and the US are around $4,700.

But Also The Highest Cost Of Living

While making money mining Bitcoin in the Latin American country may be very profitable due to its subsidized electricity doing almost anything else is very expensive. Inflation over recent years in Venezuela has been as high as 800% by some estimates making the Bolivar essentially worthless as the government prints more and more of the currency.

The oil-rich country carries a 14% budget deficit of its GDP and a 60 trillion debt after decades of mismanagement by corrupt or just truly wrong-minded leadership. Though the official exchange rate is about 6.3 Bolivar per US Dollar the black market rate is multitudes higher, perhaps as high as 100 times that.

Factor in the scarcity of everything from food to medicine, as well as a crime rate that has soared over the last three years and it’s clear that the cost of living in the country would offset the advantage of cheap electricity. Given the dire state of the economy as well as the government’s oblique regulatory stance on Bitcoin and other cryptocurrency trading the launch of El Petro seems an odd solution to the countries economic woes.

The post Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched appeared first on NewsBTC.

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