CoinGecko in their new report showed the cost of electricity for bitcoin mining in different countries of the world.
In Ukraine it costs $10,730 to mine it, while in Italy it costs $208,560, which is almost 20 times more expensive.
Only 65 countries are profitable for mining, 34 of which are in Asia and only 5 in Europe.
The line of the most profitable was taken by Lebanon, Iran, Syria and Ethiopia. There, mining 1 BTC costs less than $2000.
