n the world, only 65 countries provide the opportunity for profitable individual Bitcoin mining considering electricity costs in home settings, according to CoinGecko specialists.

To mine 1 BTC solo, it takes an average of 266,000 kWh and approximately seven years. Monthly electricity consumption amounts to around 143 kWh.

The average cost of electricity for mining 1 BTC at home is $46,291.24. The highest figures are in Europe at $85,767.84, while in Asia, it's only $20,635.62.

Experts noted that in the latest region, profitable individual digital gold mining is possible in 34 countries. Africa adds another 18 jurisdictions to this list, while Europe is limited to only five.

Experts also reminded that as of November 2021, nine countries had completely banned mining, trading, and use of cryptocurrencies. These nations include Asian countries like Bangladesh, China, Iraq, Nepal, Qatar, as well as African countries like Algeria, Egypt, Morocco, and Tunisia. Notably, in all these jurisdictions except Morocco, there is potential for profitable individual mining.

It's not surprising that the top 10 countries with the lowest costs for household Bitcoin mining include representatives from Asia and Africa.

The Central Bank of Iraq banned the use of cryptocurrencies as early as 2017. Otherwise, the country would have taken the ninth spot in this ranking.

In total, mining Bitcoin at home is not profitable in 82 countries. The top jurisdictions with the highest costs for individual mining include nine representatives from Europe and the Cayman Islands.

Experts also emphasized that electricity consumption for mining 1 BTC is not as substantial compared to other household devices. According to their perspective, this supports the idea that Bitcoin might not be as environmentally dangerous as mainstream media claim.