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Title: Bitcoin Mining Cost in different country Post by: ljtronics1 on June 28, 2018, 03:10:43 AM South Korea comes in as the most expensive country for mining a single coin at $26,170. From there, Niue, Bahrain, the Solomon Island, and the Cook Islands round out the top five, respectively. On the flipside, Venezuela came in as the cheapest nation at $531. Their electricity rates are heavily subsidized by the government, leading to incredibly low prices. Trinidad and Tobago, Uzbekistan, Ukraine, and Myanmar round out the rest of the five least expensive nations.
The United States came in as the 41st cheapest country for mining at $4,758. Russia, a major mining hub, was just a little below the U.S. at $4,675. China came in as the 17th cheapest nation at $3,172. https://thumb.ibb.co/cBd8s8/Bitcoin_Mining.jpg (https://ibb.co/cBd8s8) Title: Re: Bitcoin Mining Cost in different country Post by: the_crypto01 on June 29, 2018, 07:03:01 PM Bitcoin is the best coin in the market of crypto currency. There is cost related to the mining of the bitcoin. But this cost actually varies according to the countries. It depends on the availability of the expert miners. When there are many expert users and investors then the cost will be low otherwise it will be high
Title: Re: Bitcoin Mining Cost in different country Post by: cryptovally01 on June 30, 2018, 02:14:16 PM the cost varies from country to country. It also depends on the number of miner available to extract the coins. At the same time experts opinions, their uses and the number of investors can also simultaneously affect the level of price. Even though bitcoin is the best, its cost is related to the mining.
Title: Re: Bitcoin Mining Cost in different country Post by: MatthewNaccarato on July 03, 2018, 04:42:29 PM That's an interesting post. Bitcoin mining cost differs from country to country. This post will help the beginner miners a lot.
Title: Re: Bitcoin Mining Cost in different country Post by: Kunzaii on July 03, 2018, 04:46:08 PM South Korea comes in as the most expensive country for mining a single coin at $26,170. From there, Niue, Bahrain, the Solomon Island, and the Cook Islands round out the top five, respectively. On the flipside, Venezuela came in as the cheapest nation at $531. Their electricity rates are heavily subsidized by the government, leading to incredibly low prices. Trinidad and Tobago, Uzbekistan, Ukraine, and Myanmar round out the rest of the five least expensive nations. The United States came in as the 41st cheapest country for mining at $4,758. Russia, a major mining hub, was just a little below the U.S. at $4,675. China came in as the 17th cheapest nation at $3,172. https://thumb.ibb.co/cBd8s8/Bitcoin_Mining.jpg (https://ibb.co/cBd8s8) I guess mining in Belgium isn't worth the effort... It costs more than it generates... Title: Re: Bitcoin Mining Cost in different country Post by: nwanne on July 10, 2018, 11:18:29 PM Please where is the source of the data you presented? I can see that my country is among the cheapest country to mine bitcoin, that's good to know but I would prefer knowing how they come out the data?
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