onde minerarcheap, livable, legal bitcoin

Where to mine bitcoin in the world?

The Mine or buy decider answers whether mining is worth it: only below ~5 ct/kWh. This tool answers where those ~5 ct/kWh exist — and at what cost in livability and legality. A global ranking of 30 regions, sortable by pure price or by a livability-adjusted quality index you reweight. Every figure is cited; where a source is missing, it says no data — never invents.

The tension this ranking exists to expose

The world's cheapest power almost always scores worse on livability and legality. The cheapest place here — Russia a 1,0 ¢/kWh — has livability index 72 and legality legal. A founder's question is not where is cheapest, it is where is cheap AND livable AND legal — and the answer only appears with both axes together. Reweight and watch the ranking move.

Sort by

reweightable composite — best to live AND mine first

Weight preset

Weights — reweight and the ranking recalculates

Founder / Vienna
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27 regions · cost to produce 1 BTC from the mwhash frontier (9,5 J/TH · network 933 EH/s · BTC US$ 63.374)

#Regionct/kWhCost/BTCIndex
1Bhutanfriendly⚠ 4/73,6 ¢US$ 55.581
87
▼
2Icelandfriendly4,0 ¢US$ 57.416
85
▼
3United Arab Emiratesfriendly4,1 ¢US$ 57.875
82
▼
4Finlandlegal4,3 ¢US$ 58.793
81
▼
5Quebec (Canadá)sub-regionlegal3,7 ¢US$ 56.040
76
▼
6Norwayrestricted4,3 ¢US$ 58.793
74
▼
7Russialegal⚠ 6/71,0 ¢US$ 43.648
72
▼
8Swedenrestricted1,8 ¢US$ 47.320
72
▼
9Omanfriendly4,0 ¢US$ 57.416
72
▼
10Texas / ERCOT (EUA)sub-regionfriendly6,0 ¢US$ 66.595
69
▼
11Canadalegal10,9 ¢US$ 89.084
65
▼
12Bahrainlegal⚠ 6/77,8 ¢US$ 74.857
64
▼
13Kyrgyzstanlegal⚠ 6/74,0 ¢US$ 57.416
63
▼
14Saudi Arabiarestricted7,0 ¢US$ 71.185
61
▼
15Kazakhstanrestricted3,0 ¢US$ 52.827
59
▼
16Laosrestricted⚠ 5/74,0 ¢US$ 57.416
58
▼
17Paraguaylegal⚠ 6/74,5 ¢US$ 59.711
57
▼
18United Statesfriendly14,9 ¢US$ 107.442
56
▼
19Georgiafriendly10,5 ¢US$ 87.248
56
▼
20Austrialegal29,2 ¢US$ 173.072
53
▼
21Ethiopiafriendly⚠ 6/74,0 ¢US$ 57.416
52
▼
22Argentinalegal9,5 ¢US$ 82.659
52
▼
23Malaysiarestricted12,9 ¢US$ 98.263
49
▼
24Germanylegal28,3 ¢US$ 168.942
46
▼
25Brazillegal13,3 ¢US$ 100.099
44
▼
26Iranrestricted7,0 ¢US$ 71.185
39
▼
27El Salvadorfriendly⚠ 6/722,4 ¢US$ 141.864
33
▼

Energy break-even vs buying (DCA) ≈ US$ 0,052/kWh · spot US$ 63.374 · DCA US$ 65.909 · 458.951 kWh/BTC. Index uses mining price (what a miner pays), not the residential tariff. Where a source is missing: no data — never imputed; the index renormalizes over available axes. methodology and sources (in Portuguese).

Why "cheapest" is almost never the answer

The world's cheapest power is subsidized (Iran, Venezuela) or isolated hydro (Ethiopia, Paraguay, Bhutan) — and almost always scores poorly on safety, health, internet, stability, or mining legality. The pure-price ranking puts those places on top; the index shows the livability price you pay to get there. The product is the tension between the two.

The cost to produce 1 BTC comes from the same mwhash frontier.py frontier (9,5 J/TH, 933 EH/s network, no BTC appreciation), on each region's real mining price — industrial, PPA, or special tariff — never the residential rate. The index is a transparent weighted average with absolute-anchor normalization; HDI and Numbeo Quality of Life stay as context, outside the sum, so health and safety are not double-counted.

Method, weights and the honest gap list in methodology and sources (in Portuguese) and at github.com/matheusduartedm/mwhash (docs/onde-minerar/). Argue with the parameters, not vibes. Not financial advice.