Home Coins Blockchain Bitcoin Ethereum How to Mining NFT Press releases Regulation Most Featured
Coins by Cryptorank

Top 15 Locations for Bitcoin Mining Around the World

Close up image of a piece of Bitcoin in a Bitcoin mining rig
By Augustine Mbam - May 13, 2024 - 5 Mins Read



A street in an Algerian City
Algerian urban area | Loyloy Thal/Pixabay


Algeria has emerged as a new hub for the global Bitcoin mining industry, thanks to its low electricity costs that have attracted high mining activity.

With its favorable climate and affordable energy rates, the country has become a notable contender, accounting for up to 6% of the global Bitcoin mining market.

The cost of electricity for households is approximately $0.039 per kWh, while businesses pay $0.033 per kWh, making mining Bitcoin in Algeria a cost-effective activity.

With miners spending around $4,183 to mine one Bitcoin, it's evident that mining activities in the country are highly profitable.

As of the time this article is written, there are no proper regulatory laws governing the crypto mining industry in the country.