This Is How It Costs to Mine 1 Bitcoin in Indonesia, Still Cuan?

It is common knowledge that the activity of “mining” cryptocurrencies (cryptocurrencies), including Bitcoin, relies on a number of computer equipment consisting of many graphics processing cards (GPU).
No wonder the cost of mining crypto is not cheap, especially when it requires a large amount of electricity.

Mining experts at 911 Metallurgist decided to find the cheapest and most expensive countries to mine cryptocurrency. To determine the cost of mining different cryptocurrencies around the world, they calculated the electricity requirements and electricity costs to mine Bitcoin in 200 countries and 50 US states.

From the list released by 911 Metallurgist, Kuwait, became the country with the lowest Bitcoin mining fee of US $ 1,393 or around Rp. 20.9 million per 1 Bitcoin. From the costs incurred, the profit or profit earned was US $ 19,135 or around Rp. 287 million.

Meanwhile, the most expensive cost of mining Bitcoin is in Venezuela. To mine 1 Bitcoin requires US $ 246,530 or around Rp. 3.7 billion. Unfortunately, it’s not a profit but a stagnation that will be obtained if mining in this country, namely the loss reaches US $ -226,000.

Then what about Indonesia?

According to reports, Indonesia is ranked 54th with the cost of mining per 1 Bitcoin reaching US$21,307 or around Rp 320 million. Just like Venezuela, the fee that is pegged to mine 1 Bitcoin does not make a profit, instead there is a loss of US $ -777 or around Rp. 11.65 million.

Original article: https://www.cnbcindonesia.com/tech/20220707170330-37-353819/segini-ongkos-menambang-1-bitcoin-di-indonesia-masih-cuan