
It costs $26,000 to mine one bitcoin in South Korea — and just $530 in Venezuela. Published Thu, Feb 15 20189:31 AM EST Updated Sat, Feb 17 201812:57. At average US electricity cost, a BTC network (13mil TH/s network hash rate) consisting of one million S9 Antminners would cost ~ 3,7 mil USD to operate per. Keywords: Bitcoin, Narrative approach, Electricity costs, Mining competition, Search vestor perception seems one plausible driver of demand fluctuations. 'News' function) that were published between January 2012 and September 2018.