Where is the cheapest place to mine Bitcoin?

With an average cost of $3,224 per bitcoin, Louisiana is the cheapest state for bitcoin mining. Idaho, Washington, and Tennessee are next three cheapest states, and Arkansas – which boasts average costs of $3,505 per bitcoin – rounds out the top five.

Which place in India has the cheapest electricity?

With assembly elections in mind, Punjab Chief Minister Charanjit Singh Channi has reduced electricity rates by Rs 3. With new rates applicable from today, Punjab becomes the only state in India to offer the cheapest electricity for residential connections.

How much does it cost to start Bitcoin mining in India?

On an average, the power consumption for crypto-mining could be to the tune of ₹30,000 to ₹50,000 per month. While a basic cryptocurrency mining system starts at ₹50,000, the professional one with high-end motherboard and eight graphic cards costs about ₹4,00,000.

What is the best state to mine Bitcoin?

Taking these factors into account, the best states for cryptocurrency mining are North Dakota, Tennessee, and Oklahoma. All three of these states have low or no state income taxes, below-average electricity rates, and low overall living costs.

Which country has lowest rate of mining?

Answer: The country with the lowest rate of mining cryptocurrency among all the other options given here in the question is option C that is Myanmar. This type of mining is called cryptocurrency because it involves safe and secure financial transactions.

At what electricity price is Bitcoin mining profitable?

Bitcoin Mining Hardware Turnoff Prices The following table shows that the majority of the most modern machines could remain profitable at a bitcoin price between $5000 and $6000. Some machines could handle a drop below $5k, if they are being run with electricity that costs under $0.05 kWh.

Which crypto mining is profitable in India?

* They are energy-efficient: not using the process of mining, they do not consume massive amounts of energy. * These could be extremely valuable, as they have limited stock like mined cryptocurrencies. Although their supply is limited, they are readily available in the market so the price is likely to increase.

Who is the biggest bitcoin miner?

AntPool, the world’s biggest bitcoin-mining company, runs mining pools in many countries.

How many bitcoin miners are there in India?

Experts say there are a considerable number of miners in India—up to 300 people and 40 organisations, according to some—discretely producing cryptocurrencies like bitcoin and ethereum. They operate on a small scale due to a lack of regulatory clarity.

Which is the cheapest city in India for electricity consumption?

The other cheap cities at this consumption level are in Jharkhand, Gujarat and Chandigarh while people in Maharashtra, led by Mumbaikars who buy electricity from Tata, pay the most. Only Aam Aadmi Party thinks for Aam Aadmi ..the stats speak for itself ..they kept thier promise..

Where can I buy bitcoin mining hardware in India?

You can buy bitcoin mining hardware in india from http://bitmino.com/ bitmino is the largest bitcoin tech company in asia you can buy bitcoin latest released antminer s9 in india from bitmino i highly recommended you this website for indian who are looking fo best bitcoin mining hardware.

What is the cheapest country to mine bitcoins?

Based on our research, Kuwait is the cheapest country in the world to mine Bitcoins while the Solomon Islands would be the most expensive. Overall, Bitcoin’s total electricity consumption is huge.

Which cities in India have the highest power bills?

The only city we had to leave out for dearth of data was Srinagar. Our analysis shows that consumers in Maharashtra have the highest power bills across all categories of consumption while Delhi has the most progressive tariff structure, rewarding low electricity consumption while levying exponentially higher fares for higher rates of power usage.