Where are the cheapest and best places for Bitcoin (available on Coinbase) mining?

Bitcoin (available on Coinbase) mining takes energy – and lots of it – so it’s not the cheapest past time. Dedicated Bitcoin (available on Coinbase) mining machines require a cold climate, low-cost electricity, and high-speed internet for optimal results.

Here’s a list of some of the most popular places for Bitcoin (available on Coinbase) mining right now.

Iceland

Iceland has been growing in popularity as of late. Iceland meets all the requirements for Bitcoin (available on Coinbase) mining: cool temperatures, low-cost energy, and high-speed internet. The country has an abundance of geothermal energy that can easily power Bitcoin (available on Coinbase) mining machines.

Iceland may also be popular because it offers renewable energy options. Bitcoin (available on Coinbase) mining has been criticised in the past by environmentalists as a major threat to the climate. Others combat this argument, saying that we don’t know the final numbers.

Regardless of which side of the argument you sit, focusing on renewable energy sources for Bitcoin (available on Coinbase) mining shouldn’t make things worse, at least.

Unfortunately for Iceland, the country might be proving to be too popular for Bitcoin (available on Coinbase) mining. Iceland could end up losing all its power entirely as a result of Bitcoin (available on Coinbase) mining.

That leads us to our other locations…