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).
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Estimated Electricity Cost Of Mining One Bitcoin By Country
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.
Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa
The map above shows which countries consume less electricity than the amount consumed by global bitcoin mining. You can see an update for late 2018 here Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst. However, […]