Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko report By Cointelegraph

A significant worldwide contrast exists in household electricity expenses for individual (BTC) miners. While producing one Bitcoin in Italy costs $208,560, in Lebanon, it’s roughly 783 times cheaper, according to a recent report.

Published on Aug. 17, the report from CoinGecko revealed that only 65 countries are profitable for solo Bitcoin miners, based solely on household electricity costs. Among these, 34 countries are in Asia, while Europe only has five.