discover that country is the best to mine the world btc?

The company Elite Fixtures conducted a study on the cost of bitcoin mining in different countries of the world and concluded that Venezuela is the country in which it is most profitable to mine BTC due to the subsidy that the Venezuelan government offers to electricity consumption. In addition, they reported that South Korea, the volume with the lowest volume of cryptocurrencies globally, is the most expensive country for mining.

To carry out this study, Elite Fixtures took the information provided by local organizations, as well as organizations of the International Energy Agency to know the cost of consumption in each country. For the amount of energy consumed, an average of three mining teams were made: the AntMiner S7, the AntMiner S9 and the Avalon 6. These teams were chosen because of the popularity of the social network's popularity.

In Venezuela, the cost of one bit is approximately 531 dollars. To put this in perspective, the second cheapest country is Trinidad and Tobago, in which it is necessary to invest $ 1,190 to undermine a BTC. The market currency is around 11,800 dollars, for every bitcoin in Venezuela the miner gets approximately $ 11,200 dollars, a huge gain.

On the other hand, in South Korea the cost is $ 26,170, more than twice the price of bitcoin currently. So BTC mining in the Asian nation can not generate profits.

If you wish to mine in Venezuela, contact us at: [email protected]