China has long been engaged in mining and its unlikely to succeed in pushing its positions from the market, even if they begin to ban traditional sources of energy for this. Is Kazakhstan so low in electricity prices that Facite really hopes to become competitors of Chinese miners?
Excluding Kazakhstan, the eleven countries (among them are developed countries like China, USA, Singapore, Japan South Korea, etc) mentioned above had an average mining cost of $9,355 for 1BTC. However, Kazakhstan recorded $2,835, the lowest among all.