Since the fall of the prices of Bitcoin (right now 1BTC = $3781,08) many Bitcoin miners around the world have stop mining.[1] because is not profitable anymore due to high electricity bills and low prices. So which are the countries that still are profitable right now for mining?
First, we have to consider 4 things:
*Internet availability
*Electricity costs
*Legal to mine Bitcoins
*Machinery & administrative expenses
The best place to mine bitcoin is the place with a cheap mining equipments and cheap electricity fee i guess.
If your country only have cheap equipments, you won't be able to pay your electricity bill because the current price in the market is very bad.
But this is not a bad thing for some peoples. If btc price drop, then many miners will not mining anymore and the difficulty will going down.