Damus
TheBitcoinManual profile picture
TheBitcoinManual
@TheBitcoinManual
According to an analysis by CoinGecko, the most profitable countries to mine #Bitcoin based on energy costs are:

1 - Lebanon - $266.02
2 - Iran - $532.04
3 - Syria - $1330.1
4 - Ethiopia - $1596.12
5 - Sudan - $2128.17
6- Libya - $2660.21
7 - Kyrgyzstan - $2660.21
8 - Angola - $3724.29
9 - Zimbabwe - $3990.31
10 - Bhutan - $4256.33

If any plebs in these countries can confirm, that would be great, are your electricity costs really that low?



https://www.coingecko.com/research/publications/bitcoin-mining-cost
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21M · 132w
I believe this is based on utility bill. If they is the case, for Middle East, distinction shall be done between National and expat household.
greyman · 132w
* Gets on plane *
0fje0 · 132w
This story has popped up on a few sites the last few days. I've done some digging (because Lebanon's rate seems improbably low) and found that CoinGecko pulled their electricity tariffs from globalpetrolprices.com Having confirmed on globalpetrolprices that Lebanon's tariffs are indeed listed ther...
Milad Younis · 132w
Shouldn't mining arbitrage make it so the price difference to mine 1BTC in different countries is not so big? what am I missing?