Just came across this, published last month, but don't recall seeing anything like it on the forum, so just sharing.
Original article by 911 Metallurgist, it's got the rates for some other crypto too but I'm just going to share the one for Bitcoin: Cost to mine 1 Bitcoin in every country.
I knew Asia was expensive, but not THAT expensive. Also, I think this is the cost of grid electricity. I know in my part of the world, for example, some miners want to experiment with natural gas generators. Far, far cheaper, no one would plug into the grid!
Kuwait, though!
Original article by 911 Metallurgist, it's got the rates for some other crypto too but I'm just going to share the one for Bitcoin: Cost to mine 1 Bitcoin in every country.
I knew Asia was expensive, but not THAT expensive. Also, I think this is the cost of grid electricity. I know in my part of the world, for example, some miners want to experiment with natural gas generators. Far, far cheaper, no one would plug into the grid!
Kuwait, though!
Interesting. And yet most mining as far as I know comes from Kasachstan? I wonder if there will be a shift soon? I do have a problem with the flimsy methodology on the calculations.
They seem to have completely ignored internet costs? What about the costs of not only buying the miners but also shipping said miners to the countries?
Also, North Korea? Really?
Oh boy. They did not calculate the costs: to smuggle the hardware and yourself in, the bribe money for the soldiers to keep quiet and ultimately the price of a single bullet for one's own execution.
