If you’re interested in mining Bitcoin, then Venezuela is the place for you

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A study by Elite Fixtures show that Venezuela is the least expensive country for mining a single Bitcoin

Source: Elite Fixtures

When it comes to mining cryptocurrencies, electricity is everything – or at least plays a major role. The more rigs you set up, the pricier it gets and the more electricity is consumed.

So, a study

here

by Elite Fixtures on 115 countries based on their average electricity rates show that in Venezuela, the cost for mining one Bitcoin is $531. It is the only country of those studied which has a triple-digit cost.

That owes to the fact to its heavily subsidised electricity prices. Meanwhile, the most expensive country for mining a single Bitcoin is South Korea – which costs a whopping $26,170, more than double the price of one Bitcoin based on current market price.

When it comes to mining, where you reside or where your mining rig is actually does factor into your profitability – which is why many “mining farms” are

seeking to move

to areas with low electricity rates.

Here’s the full list of the results from the study:

Source: Elite Fixtures

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Porsche unveils its insanely fast Tesla Model X rival

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Porsche continues to target Tesla. After taking a swipe at the Model S, X and 3 maker last week, the German automaker just surprised us in Geneva with the Mission E Cross Turismo SUV (even though Porsche calls it a CUV, a cross utility vehicle). Watch out Model X.

While we don’t know much about the crossover, Porsche did say it is investigating putting the car into production. Considering that the SUV and crossover market continues to grow, don’t be surprised to see this vehicle in showrooms right after the Mission E hits the road.

Like the Mission E — and really all Porsches — the Cross Turismo will be quick. With two electric motors, the all-wheel-drive, 600 horsepower vehicle will go from zero to 100 kilometers per hour in less than 3.5 seconds. For comparison, the P100D Model X reaches about the same mark (zero to 60 miles per hour) in 2.9 seconds.

With the I-Pace, Model X and now the Mission E Cross Turismo, the electric-SUV-that-goes-really-fast market is getting crowded. That’s great for people that like to go fast but also need enough room to transport all their kids’ sports equipment.

Click here to catch up on the latest news from the 2018 Geneva Motor Show.

Source: Porsche

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