The map above shows the suprising fact that Canadians consume more electricity per person than almost any other country on earth using a staggering 14,930 kWh per person annually. This includes domestic, commercial and industrial use. Only 7 countries consume more electricity per capita and all of them have populations under 10 million people compared […]
While the price of Bitcoin has plunged over 80% from it’s peak in late 2017, Bitcoin’s total energy usage has dropped less than 40%. Nevertheless, as the map above shows, there are surprisingly still 10 countries where it may still be profitable to mine Bitcoin from home (although with some pretty major caveats).
The map above is an update on last year’s look at Bitcoin electricity consumption. Currently, only 38 countries definitely consume more electricity than total Bitcoin mining.
The map above is a world map only showing countries who’s annual average electricity consumption per person is less than that used to perform 1 Bitcoin Transaction (819 KWh according to the Bitcoin Energy Consumption Index).
The map above shows a very rough estimate of the current electricity costs of mining one Bitcoin by country around the world. Based on our research, Kuwait is the cheapest country in the world to mine Bitcoins while the Solomon Islands would be the most expensive.