© Reuters Most expensive country to mine Bitcoin? Italy
The cost to produce a single (BTC) can vary greatly depending on the country where you live. Generating one BTC in Italy costs around $208,560, while in Lebanon it costs only $266!
A recent CoinGecko report revealed that – if you use regular household electricity – Bitcoin mining is profitable in only 65 countries on the planet. Of these, 34 countries are located in Asia (only 5 in Europe).
On average, trying to mine BTC from home is not profitable at all: