The Cost to Mine 1 BTC - Cheapest $531 WOW
" This study, conducted by Elite Fixtures, was put together using consumption required to mine a Bitcoin averaged from three different mining rigs — the AntMiner S7, the AntMiner S9 and the Avalon 6.The study sourced its electricity price data provided by each country’s government and local utility companies, as well as the International Energy Agency, IBTimes reports. "
From https://cointelegraph.com/news/mining-margins-and-where-to-make-the-most-money
Thanks for this @technolotrade! Its very interesting to see all the prices per country for bitcoin mining cost.
Venezuela is the cheapest, but mining equipment is simply confiscated by police there. Taiwan or trinidad are probably the best choices.
What about GPU's? Do they confiscate those too?
Same thing. Thats why Taiwan is a safer choice.
Venezuela has economic problems. Immense inflation and low salaries. People there are desperate to access the free market, but their government prohibits.