Venezuela “The cheapest country to mine bitcoins, Ethereum, dash”

Venezuela "The cheapest country to mine bitcoins"

The Fixtures company carried out this year a study on "Which country in the world, it is cheaper and more profitable to mine 1 bitcoin" and concluded that Venezuela, due to its low prices in public services, such as electricity, investment is lower, and Profit is very lucrative compared to other countries, they also reported that South Korea, one of the countries with the highest volume of transactions in the block chain "Blockchain" is the most expensive country to mine cryptocurrencies.

In order to carry out this study, the Fixtures Company took a reference from the international energy agency, to know the consumption costs in each country, in addition to taking information from some mining companies and governments. For the amount of energy consumed, an average was made between the mining equipment:

AntMiner S7
AntMiner S9
Avalon 6
These teams were chosen because they are the most used by the mining community.

In Venezuela it is cost to mine 1 Bitcoin is $ 531 to understand more of the economic that is mining bitcoins in Venezuela, Trinidad and Tobago is the second cheapest country to mine, and the cost to mine 1 Bitcoin is $ 1,190, taking in account that the main currency of the market is around 8,600 $, For every Bitcoin mined in Venezuela, the miner earns approximately $ 8,069 profit, a huge gain.

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