Bitcoin mining is experiencing a resurgence after the 2022 bear market, but challenges persist in Europe. Escalating energy costs and operational expenses are concerning governments. CoinGecko’s report reveals that Europe houses nine of the ten lowest-ranking nations for mining economics. Italy tops the list as the most expensive country to mine a Bitcoin, while Lebanon stands out for its affordability. The United States strikes a balance in mining costs. The Digital Energy Council aims to shape favorable policies in the evolving landscape of cryptocurrency regulation.
Bitcoin’s price rose to a 14-day high of $28,103 on June 21, driven by growing institutional interest and positive factors such as a weakening dollar and inflation-fighting measures. This surge could lead to increased demand for crypto mining, potentially raising the prices of mining facilities. Clients are advised to join waiting lists for colocation services or consider purchasing miners with hosting options.