Where is it cheaper to mine Bitcoin?March 6, 2018
Electricity costs are calculated, depending on the Bitcoin mining region.
Electric power company Elite Fixtures compared costs for the production of 1 BTC in the regions of the world. Energy prices around the world vary depending on a number of factors, including government subsidies and access to natural resources.
In Africa and Venezuela!
The same factors affect how much the work of energy-intensive equipment for Bitcoin mining takes. On average, 12203 dollars is spent on the extraction of 1 BTC in the Oceania region. This is the most expensive region in this respect.
It is followed by South America – 7 150 dollars, Europe – 6 695 dollars, Asia – 6 378 dollars, Middle East – 6 249 dollars, North America – 5 456 dollars.
Africa – the cheapest region for the production of crypto-currency, the cost of 1 BTC there will be an average of 4 626 dollars.
Among individual countries, the most for energy for extraction of 1 BTC is paid in South Korea – 26 170 dollars. And least of all in Venezuela – only for 531 dollar for 1 BTC.
The average cost of electricity for the extraction of 1 BTC for all countries is 7 295 dollars.
Elite Fixtures explored just 111 from 195 countries on Earth, reports Bitcoinist.
Author: Evgenij Novožilov, Analyst Freedman Club Crypto News
Image from Fotolia
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