Where to mine bitcoin in the world?
The Mine or buy decider answers whether mining is worth it: only below ~5 US¢/kWh. This tool answers where those ~5 US¢/kWh exist — and at what cost in livability and legality. A global ranking of 30 regions, sortable by pure price or by a livability-adjusted quality index you reweight. Every figure is cited; where a source is missing, it says no data — never invents.
The tension this ranking exists to expose
The world's cheapest power almost always scores worse on livability and legality. The cheapest place here — Russia a 1,0 US¢/kWh — has livability index 65 and legality legal. A founder's question is not where is cheapest, it is where is cheap AND livable AND legal — and the answer only appears with both axes together. Reweight and watch the ranking move.
Sort by
reweightable composite — best to live AND mine first
Weight preset
Weights — reweight and the ranking recalculates
Founder / Vienna27 regions · cost to produce 1 BTC from the mwhash frontier (9,5 J/TH · network 933 EH/s · minerstat, close of 06/07 · BTC US$ 63.374 · HashrateIndex, average of Jun/2026)
| # | Region | US¢/kWh | Cost/BTC | Index | |
|---|---|---|---|---|---|
| 1 | Icelandfriendly | 4,0 US¢ | US$ 57.416 | 85 | ▼ |
| 2 | United Arab Emiratesfriendly | 4,1 US¢ | US$ 57.875 | 82 | ▼ |
| 3 | Finlandlegal | 4,3 US¢ | US$ 58.793 | 81 | ▼ |
| 4 | Quebec (Canadá)sub-regionlegal | 3,7 US¢ | US$ 56.040 | 76 | ▼ |
| 5 | Norwayrestricted | 4,3 US¢ | US$ 58.793 | 74 | ▼ |
| 6 | Swedenrestricted | 1,8 US¢ | US$ 47.320 | 72 | ▼ |
| 7 | Omanfriendly | 4,0 US¢ | US$ 57.416 | 72 | ▼ |
| 8 | Texas / ERCOT (EUA)sub-regionfriendly | 6,0 US¢ | US$ 66.595 | 69 | ▼ |
| 9 | Russialegal⚠ incomplete data (6/7 axes) | 1,0 US¢ | US$ 43.648 | 65 | ▼ |
| 10 | Canadalegal | 10,9 US¢ | US$ 89.084 | 65 | ▼ |
| 11 | Saudi Arabiarestricted | 7,0 US¢ | US$ 71.185 | 61 | ▼ |
| 12 | Kazakhstanrestricted | 3,0 US¢ | US$ 52.827 | 59 | ▼ |
| 13 | United Statesfriendly | 14,9 US¢ | US$ 107.442 | 56 | ▼ |
| 14 | Georgiafriendly | 10,5 US¢ | US$ 87.248 | 56 | ▼ |
| 15 | Bahrainlegal⚠ incomplete data (6/7 axes) | 7,8 US¢ | US$ 74.857 | 55 | ▼ |
| 16 | Kyrgyzstanlegal⚠ incomplete data (6/7 axes) | 4,0 US¢ | US$ 57.416 | 53 | ▼ |
| 17 | Austrialegal | 29,2 US¢ | US$ 173.072 | 53 | ▼ |
| 18 | Bhutanfriendly⚠ incomplete data (4/7 axes) | 3,6 US¢ | US$ 55.581 | 52 | ▼ |
| 19 | Argentinalegal | 9,5 US¢ | US$ 82.659 | 52 | ▼ |
| 20 | Malaysiarestricted | 12,9 US¢ | US$ 98.263 | 49 | ▼ |
| 21 | Paraguaylegal⚠ incomplete data (6/7 axes) | 4,5 US¢ | US$ 59.711 | 48 | ▼ |
| 22 | Germanylegal | 28,3 US¢ | US$ 168.942 | 46 | ▼ |
| 23 | Ethiopiafriendly⚠ incomplete data (6/7 axes) | 4,0 US¢ | US$ 57.416 | 44 | ▼ |
| 24 | Brazillegal | 13,3 US¢ | US$ 100.099 | 44 | ▼ |
| 25 | Laosrestricted⚠ incomplete data (5/7 axes) | 4,0 US¢ | US$ 57.416 | 40 | ▼ |
| 26 | Iranrestricted | 7,0 US¢ | US$ 71.185 | 39 | ▼ |
| 27 | El Salvadorfriendly⚠ incomplete data (6/7 axes) | 22,4 US¢ | US$ 141.864 | 28 | ▼ |
Energy break-even vs buying (DCA) ≈ US$ 0,052/kWh · spot US$ 63.374 · DCA US$ 65.909 · 458.951 kWh/BTC. Index uses mining price (what a miner pays), not the residential tariff. Where a source is missing: no data — never imputed; missing axes score 0 (no upward renormalization). methodology and sources (in Portuguese).
Why "cheapest" is almost never the answer
The world's cheapest power is subsidized (Iran, Venezuela) or isolated hydro (Ethiopia, Paraguay, Bhutan) — and almost always scores poorly on safety, health, internet, stability, or mining legality. The pure-price ranking puts those places on top; the index shows the livability price you pay to get there. The product is the tension between the two.
The cost to produce 1 BTC comes from the same mwhash frontier.py frontier (9,5 J/TH, network 933 EH/s · 2026-07-06, no BTC appreciation), on each region's real mining price — industrial, PPA, or special tariff — never the residential rate. The index is a transparent weighted average with absolute-anchor normalization; missing livability axes score 0 (no upward renormalization). HDI and Numbeo Quality of Life stay as context, outside the sum, so health and safety are not double-counted.
Method, weights and the honest gap list in methodology and sources (in Portuguese). Argue with the parameters, not vibes. Not financial advice.
Frequently asked questions
- Where is electricity cheapest for bitcoin mining?
- Russia has the lowest mining electricity price in the comparison at $0.010 per kWh. The ranking calculates this result across 29 regions with available prices and never fills in missing data.
- What is the average electricity price for bitcoin mining worldwide?
- The average price is $0.084 per kWh across the 29 regions with an available mining tariff. The full dataset compares 30 regions and keeps unavailable values null.
- How many countries and regions does this bitcoin mining ranking compare?
- The ranking compares 30 selected bitcoin mining regions. Its temporal coverage runs from 2020 through 2026-07, combining energy, livability, climate, political stability, and legality with a source and date for each field.
- What market conditions are used to calculate the cost of mining one bitcoin?
- The calculation uses a 933.0 EH/s network snapshot dated 2026-07-06 and a bitcoin price of $63,374 averaged in 2026-06. These parameters define the current cycle used to estimate energy and cost per BTC in every region.