With the Bitcoin price recovery, the number of miners interested in taking advantage of the opportunity grew. However, there are regions where the Bitcoin mining is more advantageous due to the low electricity price.
Kuwait City boasts low prices in many ways, including electricity. Mining a Bitcoin costs only $ 1,415 in this Middle Eastern country.
The Kuwait Ministry of Finance does not recognize cryptomonas as a method of payment. The Central Bank of Kuwait also banned the banking sector and companies under its control from trading with cryptomonas.
If you do not mind the lack of food, hyperinflation and power outages, Venezuela is still an ideal place for Bitcoin shuffling. Mining a Bitcoin costs 1,630 dollars, and the population began to use cryptomones more and more.
MYANMAR / BURMA
The Asian country in southern China offers Bitcoin the opportunity to monetize at $ 3087 / BTC.
The Myanmar authorities warned the population of the risks associated with cryptomonas, but there is currently no legislation regulating their use.
Neighboring Kuwait, Bahrain offers a mining price of $ 3,628 per Bitcoin, which means a nice profit at current prices. However, the Governor of the Bahrain Central Bank said it was illegal to use Bitcoin in the country. However, citizens can invest in cryptomonas outside of Bahrain.
The legality of the Bitcoin mining business in China is somewhat uncertain today. The National Development and Reform Commission (NDRC) has called for the industry to be “eliminated”.
However, there is no absolute ban and the BTC mining cost is about $ 3,645.