Recently, a research by NFT Evening was published that reveals the costs of Bitcoin mining country by country.
The research examines almost all the countries in the world and estimates for each of them the average cost of mining 1 Bitcoin.
Given that 1 BTC has a market value of about $60,000, all the countries where the average cost of mining a Bitcoin is lower are places where one can mine profitably, while in others it is not worthwhile.
The costs of Bitcoin mining by Country
One of the countries with the most affordable mining cost is Russia.
Note that among the countries with the lowest costs, there are none that fall into the more industrialized ones, and generally, they are often countries where fossil fuels such as oil and natural gas are extracted.
For example, in Libya, the average extraction cost for a single BTC is only $5,300, compared to $39,700 in Russia.
Even in Nigeria, the costs are very low ($9,200), although the absolute lowest cost seems to be
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