Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko

There’s a vital worldwide distinction in family electrical energy bills for particular person (BTC) miners. Whereas producing one Bitcoin in Italy prices $208,500, in Lebanon, it’s roughly 783 occasions cheaper, in keeping with a latest report.

Revealed on Aug. 17, CoinGecko’s report revealed that solely 65 nations are worthwhile for solo Bitcoin miners, based mostly solely on family electrical energy prices. Amongst these, 34 nations are in Asia, whereas Europe solely has 5.

Proceed Studying on Coin Telegraph