..." Do YOU ​​know why BitCoin was created ? "...
#cost

- Worldwide contrast in household electricity expenses for individual Bitcoin miners.

- Producing one #bitcoin costs $208,560 in Italy but is 783 times cheaper in #Lebanon

- Only 65 countries are profitable for solo Bitcoin #miners based on household electricity costs.

- The average household #electricity #cost to mine 1 Bitcoin is $46,291.24, 35% higher than the average daily price of 1 BTC in July 2023.

- Italy is the costliest for household Bitcoin mining at $208,560 per Bitcoin, followed by Austria and Belgium.

- Lebanon allows miners to generate one Bitcoin for just $266, making it 783 times cheaper than Italy.

- Iran has a production cost of $532 per Bitcoin, but legal operations have been banned at times due to energy grid stress.

- Binance CEO Changpeng Zhao (CZ) questioned why individuals in low electricity cost countries wouldn't mine Bitcoin but acknowledged feasibility and logistical concerns.

$BTC

3/

This #whale currently holds 539,746 $TRB ($33.88M, 21.26% of the total supply), which is spread across 3 addresses.

The #buying #cost of this whale is ~$22.

The current #profit has exceeded $14.5M, and the whale may sell #TRB at any time to make a profit.

#cost #btc #MyFirstFeedPost Hello, Binance Square! attention ! only believe in Bitcoin.. don't believe in anything else.. and keep it 👽