Blog | BeMine (EN)

How Does Electricity Affect Your Mining Profits?

2025-02-18 17:26
Or Why Terahash kW/h is King? 👑
Electricity costs are one of the most important factors in determining mining profitability. No matter how powerful your hardware is, high electricity prices can eat up your earnings. So, where is electricity cheapest, and which locations are the best for mining? Let’s break it down.

Bitcoin Mining Costs Worldwide

Mining Bitcoin costs vary dramatically by region. According to CoinGecko, the estimated electricity cost per 1 BTC mined in late 2024 was:
  • 🇰🇿 Kazakhstan – $12,900
  • 🇷🇺 Russia – $14,900
  • 🇺🇸 United States – $110,500
  • 🇮🇹 Italy – $208,560
In high-cost regions like Europe and the U.S., electricity alone can erase profits, making location a critical factor in mining success.

Electricity Prices in Post-Soviet Countries

According to CoinGecko, CIS countries are among the most attractive regions for crypto mining. But why?
Many of these countries inherit a strong industrial energy infrastructure with excess capacity from Soviet-era power plants. This translates into some of the lowest electricity costs for large-scale operations. As of late 2024, average electricity rates per kW/h in key mining hubs were:
  • 🇷🇺 Russia – $0.06
  • 🇰🇿 Kazakhstan – $0.03–$0.05
  • 🇺🇦 Ukraine – $0.04–$0.07
  • 🇧🇾 Belarus – $0.05
Additionally, Russia’s new mining regulations have stabilized pricing, improving long-term planning for miners.

Electricity Costs in Cloud Mining

Cloud mining removes the hassle of managing hardware, but energy costs are often unclear:
  • Bundled fees make profitability hard to track.
  • Hidden surcharges may exceed market electricity prices.
  • No real-time tracking, leaving users unaware of actual expenses.
Many cloud mining providers set up data centers in low-cost regions, but those savings don’t always reach users. It’s important to choose a provider with transparent pricing, clear electricity deductions, and real-time tracking to avoid overpaying.

BeMine: Transparent and Cost-Effective Mining

At BeMine, we focus on cost efficiency and transparency to provide miners with the most competitive electricity rates:
☑️ Low electricity costs – We operate in low-cost energy regions, offering rates between $0.04–$0.06 per kW/h, the lowest among cloud mining providers.
☑️ Clear deductions – Electricity costs are deducted daily from mining rewards and reflected in the user dashboard.
☑️ No hidden fees – Electricity is billed separately, ensuring full transparency.
By keeping energy costs predictable, BeMine helps miners optimize profitability and make informed decisions.

Why Electricity Costs Matter

Mining profitability isn’t just about hashrate — it’s about efficiency. Lower electricity costs mean better margins and faster ROI. Whether running your own rigs or using cloud services, understanding power costs is key to maximizing earnings.
💡 Electricity matters — factor it in to see the full picture.