onde minerarcheap, livable, legal bitcoin

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 / Vienna
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27 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)

#RegionUS¢/kWhCost/BTCIndex
1Icelandfriendly4,0 US¢US$ 57.416
85
▼
2United Arab Emiratesfriendly4,1 US¢US$ 57.875
82
▼
3Finlandlegal4,3 US¢US$ 58.793
81
▼
4Quebec (Canadá)sub-regionlegal3,7 US¢US$ 56.040
76
▼
5Norwayrestricted4,3 US¢US$ 58.793
74
▼
6Swedenrestricted1,8 US¢US$ 47.320
72
▼
7Omanfriendly4,0 US¢US$ 57.416
72
▼
8Texas / ERCOT (EUA)sub-regionfriendly6,0 US¢US$ 66.595
69
▼
9Russialegal⚠ incomplete data (6/7 axes)1,0 US¢US$ 43.648
65
▼
10Canadalegal10,9 US¢US$ 89.084
65
▼
11Saudi Arabiarestricted7,0 US¢US$ 71.185
61
▼
12Kazakhstanrestricted3,0 US¢US$ 52.827
59
▼
13United Statesfriendly14,9 US¢US$ 107.442
56
▼
14Georgiafriendly10,5 US¢US$ 87.248
56
▼
15Bahrainlegal⚠ incomplete data (6/7 axes)7,8 US¢US$ 74.857
55
▼
16Kyrgyzstanlegal⚠ incomplete data (6/7 axes)4,0 US¢US$ 57.416
53
▼
17Austrialegal29,2 US¢US$ 173.072
53
▼
18Bhutanfriendly⚠ incomplete data (4/7 axes)3,6 US¢US$ 55.581
52
▼
19Argentinalegal9,5 US¢US$ 82.659
52
▼
20Malaysiarestricted12,9 US¢US$ 98.263
49
▼
21Paraguaylegal⚠ incomplete data (6/7 axes)4,5 US¢US$ 59.711
48
▼
22Germanylegal28,3 US¢US$ 168.942
46
▼
23Ethiopiafriendly⚠ incomplete data (6/7 axes)4,0 US¢US$ 57.416
44
▼
24Brazillegal13,3 US¢US$ 100.099
44
▼
25Laosrestricted⚠ incomplete data (5/7 axes)4,0 US¢US$ 57.416
40
▼
26Iranrestricted7,0 US¢US$ 71.185
39
▼
27El 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.
where to mine — cheap, livable, legal bitcoin