BTC$000,000+0.00%
Electricity Cost Map for Mining
Compare global electricity costs and mining profitability by location
Selected Miner: Antminer S21
Hashrate:200 TH/s
Power:3550W
BTC Price:$0
Venezuela
South AmericaElectricity Cost
$0.001/kWh
Daily:$-0.09
Monthly:$-3
Yearly:$-31
Margin:0.0%
⚠ Challenges Present
Subsidized but high risk
Not profitable with current settings
Iran
Middle EastElectricity Cost
$0.005/kWh
Daily:$-0.43
Monthly:$-13
Yearly:$-155
Margin:0.0%
⚠ Challenges Present
Very low cost, sanctions risk
Not profitable with current settings
Ethiopia
AfricaElectricity Cost
$0.012/kWh
Daily:$-1.02
Monthly:$-31
Yearly:$-373
Margin:0.0%
✓ Mining Favorable
Hydroelectric, political risk
Not profitable with current settings
Kuwait
Middle EastElectricity Cost
$0.029/kWh
Daily:$-2.47
Monthly:$-74
Yearly:$-902
Margin:0.0%
✓ Mining Favorable
Oil subsidized
Not profitable with current settings
Argentina
South AmericaElectricity Cost
$0.031/kWh
Daily:$-2.64
Monthly:$-79
Yearly:$-964
Margin:0.0%
✓ Mining Favorable
Low cost, growing industry
Not profitable with current settings
Paraguay
South AmericaElectricity Cost
$0.041/kWh
Daily:$-3.49
Monthly:$-105
Yearly:$-1275
Margin:0.0%
✓ Mining Favorable
Hydroelectric abundance
Not profitable with current settings
Egypt
AfricaElectricity Cost
$0.041/kWh
Daily:$-3.49
Monthly:$-105
Yearly:$-1275
Margin:0.0%
✓ Mining Favorable
Subsidized energy
Not profitable with current settings
Kazakhstan
AsiaElectricity Cost
$0.042/kWh
Daily:$-3.58
Monthly:$-107
Yearly:$-1306
Margin:0.0%
✓ Mining Favorable
Major mining hub
Not profitable with current settings
Iceland
EuropeElectricity Cost
$0.043/kWh
Daily:$-3.66
Monthly:$-110
Yearly:$-1337
Margin:0.0%
✓ Mining Favorable
Geothermal, cold climate
Not profitable with current settings
Ukraine
EuropeElectricity Cost
$0.044/kWh
Daily:$-3.75
Monthly:$-112
Yearly:$-1368
Margin:0.0%
⚠ Challenges Present
Low cost but geopolitical risk
Not profitable with current settings
Canada - Quebec
North AmericaElectricity Cost
$0.046/kWh
Daily:$-3.92
Monthly:$-118
Yearly:$-1431
Margin:0.0%
✓ Mining Favorable
Hydroelectric, cold climate
Not profitable with current settings
Saudi Arabia
Middle EastElectricity Cost
$0.048/kWh
Daily:$-4.09
Monthly:$-123
Yearly:$-1493
Margin:0.0%
✓ Mining Favorable
Oil subsidized
Not profitable with current settings
Russia
EuropeElectricity Cost
$0.058/kWh
Daily:$-4.94
Monthly:$-148
Yearly:$-1804
Margin:0.0%
✓ Mining Favorable
Low cost, regulatory uncertainty
Not profitable with current settings
Nigeria
AfricaElectricity Cost
$0.058/kWh
Daily:$-4.94
Monthly:$-148
Yearly:$-1804
Margin:0.0%
⚠ Challenges Present
Grid reliability issues
Not profitable with current settings
Canada - Alberta
North AmericaElectricity Cost
$0.068/kWh
Daily:$-5.79
Monthly:$-174
Yearly:$-2115
Margin:0.0%
✓ Mining Favorable
Natural gas, mining friendly
Not profitable with current settings
Norway
EuropeElectricity Cost
$0.068/kWh
Daily:$-5.79
Monthly:$-174
Yearly:$-2115
Margin:0.0%
✓ Mining Favorable
Hydroelectric, cold climate
Not profitable with current settings
USA - Washington
North AmericaElectricity Cost
$0.073/kWh
Daily:$-6.22
Monthly:$-187
Yearly:$-2270
Margin:0.0%
✓ Mining Favorable
Hydroelectric power
Not profitable with current settings
UAE
Middle EastElectricity Cost
$0.081/kWh
Daily:$-6.90
Monthly:$-207
Yearly:$-2519
Margin:0.0%
✓ Mining Favorable
Growing crypto hub
Not profitable with current settings
India
AsiaElectricity Cost
$0.081/kWh
Daily:$-6.90
Monthly:$-207
Yearly:$-2519
Margin:0.0%
⚠ Challenges Present
Regulatory uncertainty
Not profitable with current settings
Canada - British Columbia
North AmericaElectricity Cost
$0.084/kWh
Daily:$-7.16
Monthly:$-215
Yearly:$-2612
Margin:0.0%
✓ Mining Favorable
Hydroelectric power
Not profitable with current settings
Malaysia
AsiaElectricity Cost
$0.085/kWh
Daily:$-7.24
Monthly:$-217
Yearly:$-2643
Margin:0.0%
✓ Mining Favorable
Growing mining sector
Not profitable with current settings
China
AsiaElectricity Cost
$0.086/kWh
Daily:$-7.33
Monthly:$-220
Yearly:$-2674
Margin:0.0%
⚠ Challenges Present
Mining banned
Not profitable with current settings
Sweden
EuropeElectricity Cost
$0.087/kWh
Daily:$-7.41
Monthly:$-222
Yearly:$-2706
Margin:0.0%
✓ Mining Favorable
Renewable energy, cold climate
Not profitable with current settings
USA - Texas
North AmericaElectricity Cost
$0.089/kWh
Daily:$-7.58
Monthly:$-227
Yearly:$-2768
Margin:0.0%
✓ Mining Favorable
Mining hub, deregulated market
Not profitable with current settings
South Africa
AfricaElectricity Cost
$0.089/kWh
Daily:$-7.58
Monthly:$-227
Yearly:$-2768
Margin:0.0%
⚠ Challenges Present
Power grid issues
Not profitable with current settings
USA - Kentucky
North AmericaElectricity Cost
$0.097/kWh
Daily:$-8.26
Monthly:$-248
Yearly:$-3017
Margin:0.0%
✓ Mining Favorable
Coal power, mining friendly
Not profitable with current settings
USA - Georgia
North AmericaElectricity Cost
$0.099/kWh
Daily:$-8.43
Monthly:$-253
Yearly:$-3079
Margin:0.0%
✓ Mining Favorable
Growing mining industry
Not profitable with current settings
South Korea
AsiaElectricity Cost
$0.123/kWh
Daily:$-10.48
Monthly:$-314
Yearly:$-3825
Margin:0.0%
⚠ Challenges Present
Moderate costs
Not profitable with current settings
Brazil
South AmericaElectricity Cost
$0.134/kWh
Daily:$-11.42
Monthly:$-343
Yearly:$-4167
Margin:0.0%
⚠ Challenges Present
Variable by region
Not profitable with current settings
New Zealand
OceaniaElectricity Cost
$0.178/kWh
Daily:$-15.17
Monthly:$-455
Yearly:$-5535
Margin:0.0%
⚠ Challenges Present
High costs
Not profitable with current settings
USA - New York
North AmericaElectricity Cost
$0.179/kWh
Daily:$-15.25
Monthly:$-458
Yearly:$-5567
Margin:0.0%
⚠ Challenges Present
High costs, regulatory concerns
Not profitable with current settings
Singapore
AsiaElectricity Cost
$0.179/kWh
Daily:$-15.25
Monthly:$-458
Yearly:$-5567
Margin:0.0%
⚠ Challenges Present
High costs
Not profitable with current settings
Australia
OceaniaElectricity Cost
$0.213/kWh
Daily:$-18.15
Monthly:$-544
Yearly:$-6624
Margin:0.0%
⚠ Challenges Present
High costs, hot climate
Not profitable with current settings
Japan
AsiaElectricity Cost
$0.265/kWh
Daily:$-22.58
Monthly:$-677
Yearly:$-8241
Margin:0.0%
⚠ Challenges Present
Very high costs
Not profitable with current settings
United Kingdom
EuropeElectricity Cost
$0.285/kWh
Daily:$-24.28
Monthly:$-728
Yearly:$-8863
Margin:0.0%
⚠ Challenges Present
High costs
Not profitable with current settings
Germany
EuropeElectricity Cost
$0.385/kWh
Daily:$-32.80
Monthly:$-984
Yearly:$-11973
Margin:0.0%
⚠ Challenges Present
Very high costs
Not profitable with current settings
Key Insights for Mining Locations
💡
Electricity Cost Impact
Electricity typically accounts for 60-80% of mining operational costs. A difference of $0.01/kWh can mean thousands in annual profit.
🌡️
Climate Considerations
Cold climates reduce cooling costs by 15-25%. Countries like Iceland and Canada benefit from natural cooling and lower infrastructure costs.
⚖️
Regulatory Environment
Favorable regulations are as important as low costs. Some low-cost regions have banned or restricted mining operations.
🔌
Power Grid Stability
Reliable power infrastructure is crucial. Frequent outages can damage equipment and reduce profitability significantly.
* Electricity costs are approximate averages and can vary significantly within regions. Industrial rates may differ from residential rates. Always verify current local rates and regulations before establishing mining operations. Profitability calculations assume constant difficulty and Bitcoin price.
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