COST TO MINE one BITCOIN in different COUNTRIES. Least in VENEZUELA $531

in #india6 years ago

bitcoin mining.png

NAME OF THE COUNTRY................................ RATE(in USD)

ALBANIA......................................................... 3,894

AMERICAN SAMOA......................................................... 10,706

ARGENTINA.......................................................... 4,560

AUSTRALIA.......................................................... 9,913

BAHRAIN.......................................................... 16,773

BANGLADESH ........................................................... 2,379

BELARUS.......................................................... 2,177

BELGIUM.......................................................... 13,482

BOSNIA AND HERZEGOVINA.......................................................... 4,084

BRAZIL.......................................................... 6,741

BRUNEI......................................................... 4,758

BULGARIA.......................................... 4,362

CAMBODIA......................................................... 8,327

CANADA , ONTARIO......................................................... 3,965

CHILE......................................................... 9,120

CHINA.......................................................... 3,172

COLOMBIA......................................................... 7,157

COOK ISLAND........................................................ 15,861

CROATIA........................................................ 5,551

CURACAO........................................................ 11,896

CYPRUS........................................................ 8,723

DENMARK........................................................ 14,275

EGYPT.................................................................. 3,172

ESTONIA......................................................... 5,551

ETHIOPIA.......................................................... 2,855

FIJI......................................................... 5,155

FINLAND......................................................... 7,122

FRANCE......................................................... 7,930

GEORGIA........................................................ 3,316

GERMANY......................................................... 14,275

GIBRALTAR........................................................ 5,710

GREECE......................................................... 9,120

GUYANA......................................................... 10,627

HONG KONG......................................................... 7,930

HUNGARY.......................................................... 5,365

ICELAND......................................................... 4,746

INDIA........................................................ 3,274

INDONESIA........................................................ 4,329

IRAN....................................................... 3,217

IRAQ....................................................... 6,543

IRELAND....................................................... 11,103

ISREAL....................................................... 6,087

ITALY........................................................ 10,310

JAMAICA....................................................... 7,867

JAPAN....................................................... 8,723

JORDAN....................................................... 9,913

KAZAKHSTAN........................................................ 2,835

KIRIBATI........................................................ 12,966

KOSOVO........................................................ 3,133

KUWAIT......................................................... 1,983

LAOS ........................................................ 4,845

LATVIA....................................................... 7,122

LIECHTENSTEIN...................................................... 8,164

LITHUANIA...................................................... 5,155

LUXEMBOURG...................................................... 7,693

MACEDONIA...................................................... 3,914

MALAYSIA ..................................................... 5,147

MALTA..................................................... 6,079

MARSHALL ISLAND..................................................... 1,4751

MEXICO...................................................... 7,645

MOLDOVA........................................................ 4,651

MONTENEGRO...................................................... 6,384

NETHERLANDS..................................................... 9,449

NEW ZELAND.................................................... 7,593

NICARAGUA.................................................... 8,613

NIGERIA ..................................................... 5,321

NIUE..................................................... 17,566

NORWAY..................................................... 7,784

PAKISTAN ..................................................... 7,137

PALAU..................................................... 9,053

PAPUA NEW GUINEA ..................................................... 9.913

PARAGUAY................................................... 3,140

PERU................................................... 4,140

PHILIPPINES.................................................. 7,137

SLOKAVIA................................................... 4,746

SLOVENIA.................................................. 7,645

SOLOMON ISLAND.................................................. 16,209

SOUTH AFRICA................................................. 5,948

SOUTH KOREA................................................. 26,170

SPAIN................................................... 11,103

SRI LANKA.................................................. 11,630

SURINAM................................................. 2,956

SWEDEN................................................. 4,746

SWITZERLAND................................................. 7,494

TAHITI................................................. 11,103

TAIWAN................................................ 3,774

THAILAND................................................. 4,943

TONGA................................................ 14,671

TRINIDAD AND TOBAGO................................................ 1,190

TURKEY................................................. 4,984

TURKS AND CAICOS ISLANDS................................................. 14,033

TUVALU................................................. 14,493

UGANDA................................................. 7,637

UKRAINE................................................. 1,852

UNITED ARAB EMIRATES................................................ 3,569

UNITED KINGDOM................................................ 8,402

UNITED STATES................................................ 4,758

URUGUAY................................................ 8,723

UZBEKISTAN............................................... 1,788

VANUATU............................................... 13,085

VENEZUELA............................................... 531

VIETNAM.............................................. 4,717

WESTERN SAMOA.............................................. 12,689

ZAMBIA............................................... 3,569

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Why there are so much difference in mining pricing?
I don't understand this too much difference. If you know and explain it will be more helpful.
Thanks in advance @pandey666.

@veganomics mining price mainly depends upon electricity cost economics and government policies for crypto assets. If in any country cost of coal and electricity is less and government is positive for crypto asset then mining cost will be less.