We can't beat cheap electricity+labor+Mining rig they are the one whos in top of manufacturing and energy sector but still it has many drawbacks like pollution unless they can shift to renewal energy then its hard to chase them. We just have to grasp that without government participation on our each country its hard to populate peoples mind to use bitcoin.
Nepal is one of the place with near the same cheap electricity or free, mainly from green energy, and i guess the same "labor"
Island as well is efficient with green energy... One country is latin america, the electricity is free since they fully turned to green energy.
But yeah when using broken and old nulclear implants without updating them or renew infrastructures, and spending multiple millions just 'to try" to recycle sure it's hard to be cheap
Since you're calling Latin America a country I already started doubting the whole sentence, but then you say
Quote
the electricity is free since they fully turned to green energy
YOU DON'T SAY?!?!?!?