Where you live in the world affects how profitable your Bitcoin mining operation is, according to an analysis of worldwide electric prices by lighting company Elite Fixtures. Bitcoinist reviewed the data and mapped the energy costs for mining 1 BTC across the globe.
Energy prices around the world vary depending on a range of factors, including government subsidies and access to natural resources. These same factors impact how much it costs to run the energy-demanding computers known as Bitcoin miners, which crack highly complex math problems to earn Bitcoin.
Full article: http://bitcoinist.com/mapped-cheapest-expensive-countries-mine-bitcoin-electricity-cost/
The downside of living in Australia :(
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Wuhuu Germany won! Or did we? Wait only a second place behind South Korea. Well at least we play better Starcraft...
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