Bitcoin Mining :How Much it cost around the world latest data revels ?
In todays life who didn’t want Bitcoin. But it rises Price cant be affordable to everyone.We usually Came up with two possibilities that we purchase the fractions of bitcoin with our Fiat currency or Mined the bitcoin.But mining also cuffed our hands because of the rising electricity costs associated with creating new digital coins.
Recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to mine a single bitcoin in each country across the world.
Most expensive countries to mine Bitcoin
- South Korea — $26,170
- Niue — $17,566
- Bahrain — $16,773
- Solomon Island — $16,209
- Cook Islands — $15,861
Least expensive countries to mine Bitcoin - Venezuela — $531
- Trinidad and Tobago — $1,190
- Uzbekistan — $1,788
- Ukraine — $1,852
- Myanmar — $1,983
So, took the VISA of Venezuela , setup mining rig there and starts mining your dream.
good post upvoted!
Upvote this: https://steemit.com/free/@bible.com/4qcr2i
Those are old stats. The cost has increased by over 20% since they gathered that data and by the end of this month it will be another 10%. There is no end in sight at the moment unless mining technology improves or we run out of places to plugin.