BITCOIN Mining All Over the World

[Текст на српском] Have you been hit by a mining virus? You know, the idea of plugging your computer or a specially designed hardware into the internet and creating money out of thin air? Of course it is too good to be true. Bitcoin mining has its price, and you should check it before you invest a significant sum.

Researchers from lighting and furniture firm, “Elite Fixtures”, have analyzed in early January 2018, differences in the price of electricity across the world, and provided the list of countries and equipment for the ambitious miners…

Cheapest Countries to mine Bitcoin - 5a9550adfc7e93520f8b4573.jpg

Most Expensive Countries to mine Bitcoin - 5a9550adfc7e93520f8b4574.jpg

For the mining rigs, “Elite Fixtures” used the most popular ones, AntMiner S9, the AntMiner S7, and the Avalon 6. The results goes as follows:

  • The AntMiner S9 would use 17,773.344 kilowatts and take 548.56 days to mine a coin.
  • The S7 would use 45,889.008 kilowatts and take 1580.2 days
  • The Avalon 6 would use 55,294.344 kilowatts and take 2194.22 days for a single coin.

Current price of a Bitcoin is $11,383.30 (March 3rd, 2018, 8:00 CET). Depending on the country you live in, you can easily calculate if your investment can be returned in a reasonable time… and don't forget to calculate possible Bitcoin price variation…

Or, you can start mining crypto over Steemit, no investment, no risk, just fun with friends and showing creativity!


e-vizitka - 2017-10-28_131026-mala.jpg

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