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23.11 - 19:47
If you’re a Bitcoin miner ready to travel, here is where you could be next
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A hopeful miner trying to strike gold with Bitcoin mining needs to consider the cost of electricity in the location where they plan to start mining. A lot of miners don’t have that luxury of choice, but the question is – If one did, where would they go?
Arcane Research’s Weekly Update report compared the costs of mining one Bitcoin across diverse nations. Here are the top contenders – and some other factors to keep in mind.
According to Arcane Research’s report, the cheapest country to mine the king coin is none other than Kuwait. In fact, it found that the electricity costs are about $880 per Bitcoin. The report added,
“Similarly to many other countries in the Middle East, Kuwait has almost limitless oil and gas reserves, and the government
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