Cryptocurrency Q&A
How much does it cost to mine Bitcoin in Canada?
How much does it cost to mine Bitcoin in Canada?
Sara
Tue Dec 24 2024
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6 answers
763
I am considering mining Bitcoin in Canada and want to know how much it would cost. I am specifically interested in understanding the expenses involved in mining Bitcoin in the Canadian context.
6 answers
Margherita
Thu Dec 26 2024
This figure includes the energy utilized for cooling services at the server farms, which are crucial for maintaining optimal operational temperatures.
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Valeria
Thu Dec 26 2024
In British Columbia, the cost of electricity for large general service is relatively low, amounting to $0.0614 per kilowatt-hour (kWh).
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Martino
Thu Dec 26 2024
Based on this electricity tariff, the "production cost" of mining one Bitcoin is calculated to be merely $11,000 USD.
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Tommaso
BlockchainLegend
Thu Dec 26 2024
It is approximated that the energy consumption required to mine one bitcoin stands at approximately 260 Megawatthours (MWh).
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