As per data from the prominent cryptocurrency information aggregator Coingecko, the cost of mining one Bitcoin (BTC) at average household electricity rates is approximately $46,291. This amount represents a 35% increase over the standard daily price of a single BTC, which was $30,090.08 in July 2023.

It's important to note that these expenses can fluctuate significantly based on the specific country or region. Europe emerges as the region with the highest average cost, tallying at $85,767.84, while Asia boasts the lowest average cost at $20,635.62.

According to the study, the profitability of solo Bitcoin mining, considering household electricity expenses, is feasible in only 65 nations. Notably, many of these countries are located in Asia and Africa, known for their comparatively affordable electricity rates.

Additionally, the research points out that nine countries have outright prohibited cryptocurrency-related activities, and 42 nations have introduced indirect regulatory measures.

Here is a list of countries with the highest electricity costs for producing 1 BTC:

Italy: $208,560.33

Austria: $184,352.44

Belgium: $172,381.50

Denmark: $166,795.06

Germany: $163,336.79

Ireland: $159,612.50

Lithuania: $152,163.92

Netherlands: $137,798.79

United Kingdom: $130,616.23

Cayman Islands: $128,222.04

In contrast, countries with minimal electricity costs for Bitcoin mining include:

Lebanon: $266.02

Iran: $532.04

Syria: $1,330.10

Ethiopia: $1,596.12

Sudan: $2,128.17

Libya: $2,660.21

Kyrgyzstan: $2,660.21

Angola: $3,724.29

Zimbabwe: $3,990.31

Bhutan: $4,256.33