Bitcoin Mining Costs Explode: Disparity in Global Energy Prices Shapes Crypto Industry

A new map has exposed the stark disparities in Bitcoin mining costs across the globe following the 2024 halving event, sparking humorous comparisons of geographical hotspots for miners. According to NFT Evening’s data visualization, mining one Bitcoin now ranges from a low of $1,320 in Iran to a staggering $321,000 in Ireland, illustrating how energy policy and electricity pricing fundamentally impact the economics of cryptocurrencies. [link to map] This stark contrast highlights how energy access and accessibility influence profitability within the burgeoning Bitcoin mining landscape.