⚡ Did you know it costs just $1,300 to mine 1 Bitcoin in Iran… but a whopping $102,260 in the U.S.?
🌍 Mining costs vary massively by region:
🇮🇹 Italy → $306,550 per $BTC
🇦🇹 Austria → $277,000
🇧🇸 Bahamas → $280,000
🇨🇭 Switzerland → 236,000
👉 Most of Europe, U.S. & Australia are simply not profitable for miners.
📉 Why? Mining cost = local electricity price × energy consumed. High-cost countries can’t compete, while miners flock to zones with cheaper power.
This highlights both the opportunity and vulnerability of Bitcoin: the network thrives where energy is cheap, but leaves high-cost economies behind.