🧵 1. Mining 1 BTC in Lebanon costs 783x less than in Italy, says CoinGecko report. It's only $266 in Lebanon, while $208,560 in Italy. #crypto
🧵 1. Mining 1 BTC in Lebanon costs 783x less than in Italy, says CoinGecko report. It's only $266 in Lebanon, while $208,560 in Italy. #crypto
🧵 2. Out of 65 profitable countries, only 5 are in Europe, says CoinGecko report. Italy is the most expensive at $208,560 per BTC, followed by Austria and Belgium.
🧵 3. Binance CEO questions why individuals in countries with low electricity costs aren't mining Bitcoin. However, lack of sufficient electricity might be a factor.
🧵 Read more at: https://cointelegraph.com/news/mining-1-btc-lebanon-783x-cheaper-italy-coin-gecko