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Sunday, July 7, 2024
bitcoin
Bitcoin (BTC) $ 57,503.41
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Ethereum (ETH) $ 3,010.52
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Tether (USDT) $ 1.00
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BNB (BNB) $ 510.75
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BUSD (BUSD) $ 0.99268
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HomeFinanceMining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko
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Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko

There’s a important 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 current report.

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

Essentially the most unprofitable international locations to mine 1 BTC. Supply: CoinGecko

Proceed Studying on Coin Telegraph

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