pull down to refresh
21 sats \ 3 replies \ @Tony OP 14h \ parent \ on: How Much Electricity is Needed to Mine 1 Bitcoin charts_and_numbers
It actually is quite accurate. Outages and government restrictions for some residential areas are not accounted for here, but reported prices seem to match the infographic.
https://www.globalpetrolprices.com/Iran/electricity_prices/
reply
Well, “normal” people there don’t really have an opportunity to mine, and consequences for disobeying higher leadership directives are very strict. While mining is legal on paper, it requires a separate license, which is quite costly + miners face higher energy tariffs.
This actually is where the infographic is faulty — the author seems to have taken the reported minimum kWh price for a household in each country and used that to calculate the price of mining one bitcoin. It does not account for peculiarities of each country’s laws.
reply
Yeah, there's a reason most miners are now set up in the US. Security.
Still having such a big difference in costs I'm sure there will be some people trying it. Maybe not in Iran, but also Cuba or Ethiopia. Pay a small militia to protect the hardware and arbitrage that sh$t!
reply