Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko By Cointelegraph

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There is a significant worldwide contrast in household electricity expenses for individual (BTC) miners. While producing one Bitcoin in Italy costs $208,500, in Lebanon, it’s roughly 783 times cheaper, according to a recent report.

Published on Aug. 17, CoinGecko’s report revealed that only 65 countries are profitable for solo Bitcoin miners, based solely on household electricity costs. Among these, 34 countries are in Asia, while Europe only has five.

The most unprofitable countries to mine 1 BTC. Source: CoinGecko

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