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Bitcoin mining cost ranking: Oceania is highest and Africa is lowest
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Recently, New Jersey power company Elite Fixtures conducted a survey to compare the electricity costs of mining 1 BTC in 111 countries around the world. The survey results show that the average electricity cost for mining one bitcoin is $7,295, with Oceania having the highest electricity cost at $12,203, South Africa second at $7,150, Europe third at $6,695, and Asia at $6,378 (including South Korea at $26,170). Mining is cheapest in Africa, where the average cost of mining one bitcoin is $4,626. |
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