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CryptoWatch: Here’s how much it costs to mine a single bitcoin in your country

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So-called bitcoin mining is a hot topic of in the cryptocurrency world.

That’s chiefly because of the rising electricity costs associated with creating new digital coins.

Lately, miners have flocked to Iceland, known for its relatively moderate climate and the abundance of hydropower. In fact, bitcoin mining energy consumption is set to exceed private consumption, an energy expert told the BBC. And according to the Bitcoin Energy Consumption Index, global energy usage of all bitcoin mining already is equivalent to the power uptake of the country of Denmark, with a population of 5.7 million, and will eventually approach Bangladesh, a country of 163 million people.

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