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The Top 10 Most Profitable Countries for Bitcoin Mining Are Mainly in Asia and Africa

CoinGecko stated that the average electricity cost for a household to mine one BTC is $46,291.24, which is 35% higher than the daily electricity price of $30,090.08 for mining one BTC as of July 2023. The highest average household electricity cost is in Europe, estimated to be $85,767.84. The independent miners in Asia have the lowest average cost, with a cost of $20,635.62 to mine one BTC.

Due to the lower household electricity costs, the top 10 most profitable countries for Bitcoin mining are mainly in Asia and Africa: 1. Lebanon, 2. Iran, 3. Syria, 4. Ethiopia, 5. Sudan, 6. Libya, 7. Kyrgyzstan, 8. Angola, 9. Zimbabwe, 10. Bhutan.

Bitcoin Bitcoin $90,637.11
-0.29%
BTC Africa
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