What Does a Free Economic Zone Mean For Miners?

Free economic zones are attractive to bitcoin miners because they offer low tax rates and other incentives, with the inclusion of affordable power. They are usually located near the coast or a major river, and often have access to cheap labour, infrastructure, and land. Armenia has allowed the creation of a Free Economic Zone in Hrazdan with unique conditions such as 0% income tax and 0% VAT, 0% import and export duties, and. 0% property and real estate taxes for the next 25 years.