Compiled a rating of the best countries for mining

Compiled a rating of the best countries for mining

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Edition International Business Times analyzed the profitability mining’s in 115 countries and built in the first place was Venezuela — it was there, according to the study, the earnings of a Bitcoin is cheaper just.

For the calculation was taken as the average cost of electricity required for mining one Bitcoin. Price took in US$, considering electricity consumption of popular mining devices — AntMiner S7, S9 and Avalon 6. Mapping provided by the International energy Agency data, found out that the earnings of one Bitcoin cost in Venezuela only 531 dollar.

The lowest prices for electricity among the Asian countries able to boast of India, where one Bitcoin can be mined, spending 3274 dollar, and China, where production costs are popular “coins” are
3172 dollar.

USA ranked only 41 in place — then you need to “burn” light on 4760 dollars. There are Iceland and Sweden, where it is possible to get hold of a Bitcoin for $ 4746. Good enough, but in the UK, for example, this amount will be almost twice as much. Canada, the Northern neighbor of the United States, may save almost a thousand dollars — there is a mining-farm spend 3965 dollars for the production of one “Cue”.

Less this was good for the island States of the Pacific and the Caribbean here naminiu single Bitcoin will have to pay more than ten thousand dollars to the local energy companies. Leads the ranking of most expensive countries for mining South Korea, where the extraction of one Bitcoin is worth 26 $ 170.

In Russia, however, mine is quite comfortable. At least not worse than in the US and Sweden. According to estimates, the average price for mining one Bitcoin country does not exceed 4700 dollars, which at the current exchange rate isn’t so bad.

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