Business / 18 hours ago

These are the cheapest countries to mine Bitcoin

A new comparison of global electricity prices has revealed the most profitable countries to mine one Bitcoin (BTC), and the results highlight a major shift in where the crypto-mining industry is heading. A new comparison of global electricity prices has revealed the most profitable countries to mine one Bitcoin (BTC). According to the chart, Iran tops the list at $1.32 in electricity cost to mine 1 BTC, followed by Ethiopia at $1.99, placing two politically complex economies at the centre of one of the world’s most energy-intensive industries.