Bitcoin Mining Costs Vary Drastically Globally, Reveals CoinGecko

The diverse landscape of electricity pricing across the globe affects the profitability of Bitcoin mining for solo operators, as unveiled in a study by CoinGecko on August 17. The stark contrasts became evident when it was noted that generating a single Bitcoin in Italy would set a miner back by $208,560. Conversely, in Lebanon, a miner would spend a mere $266 for the same achievement. The study gives a comprehensive overview of 65 nations where Bitcoin mining remains profitable based solely on domestic electricity rates. Asia dominates this list, boasting 34 countries, whereas Europe...

source: https://tokenpost.com/Bitcoin-Mining-Costs-Vary-Drastically-Globally-Reveals-CoinGecko-10541

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