{"id":680864,"date":"2023-08-23T10:12:41","date_gmt":"2023-08-23T10:12:41","guid":{"rendered":"https:\/\/www.beirut.com\/?p=680864"},"modified":"2023-08-23T10:12:44","modified_gmt":"2023-08-23T10:12:44","slug":"lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/680864\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\/","title":{"rendered":"Lebanon Reported As Cheapest Country To Mine Bitcoin, Who&#8217;s Going To Tell Them?"},"content":{"rendered":" <p class=\"wp-block-paragraph\">A Twitter post shared by the account <a href=\"https:\/\/twitter.com\/stats_feed\" target=\"_blank\" rel=\"noreferrer noopener\">World of Statistics<\/a> has identified Lebanon as the cheapest country to mine bitcoin, based on how much it would cost a household to mine 1 coin of the cryptocurrency. The number is estimated at $0.26k, half of second place Iran&#8217;s $0.52k. But, seriously, who&#8217;s going to tell them? <\/p>    <blockquote class=\"twitter-tweet\"><p lang=\"und\" dir=\"ltr\">Household electricity cost to mine 1 Bitcoin:<br><br>\ud83c\uddf1\ud83c\udde7 Lebanon: $0.26k<br>\ud83c\uddee\ud83c\uddf7 Iran: $0.53k<br>\ud83c\uddee\ud83c\uddf6 Iraq: $3.9k<br>\ud83c\uddea\ud83c\uddec Egypt: $7.2k<br>\ud83c\uddf3\ud83c\uddec Nigeria: $7.7k<br>\ud83c\uddf6\ud83c\udde6 Qatar: $8.5k<br>\ud83c\udde6\ud83c\uddf7 Argentina: $9k<br>\ud83c\uddfa\ud83c\udde6 Ukraine: $10.7k<br>\ud83c\uddfb\ud83c\uddea Venezuela: $12.2k<br>\ud83c\uddf2\ud83c\uddfe Malaysia: $12.5k<br>\ud83c\uddf0\ud83c\uddff Kazakhstan: $12.9k<br>\ud83c\udde7\ud83c\udde9 Bangladesh: $13.8k<br>\ud83c\uddf5\ud83c\uddf0\u2026<\/p>&mdash; World of Statistics (@stats_feed) <a href=\"https:\/\/twitter.com\/stats_feed\/status\/1694026893018931428?ref_src=twsrc%5Etfw\">August 22, 2023<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>    <p class=\"wp-block-paragraph\">As our <a href=\"https:\/\/www.beirut.com\/en\/680315\/electricite-de-jbeil-shames-electricity-thieves-by-naming-them-in-public\" target=\"_blank\" rel=\"noreferrer noopener\">many electricity thieves<\/a> know, Lebanon has some electricity issues. Just some minor little things, nothing big. We don&#8217;t know how efficient bitcoin mining would be in the 0 minutes to 6 hours of electricity that we get per day. Fortunately, some users have already fallen for the trap, so get ready to rake in that sweet bitcoin tourism money guys.<\/p>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">BRB moving to Lebanon for infinite money glitch<\/p>&mdash; greg (@greg16676935420) <a href=\"https:\/\/twitter.com\/greg16676935420\/status\/1694029776720126237?ref_src=twsrc%5Etfw\">August 22, 2023<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">i\u2019m moving to Lebanon<\/p>&mdash; Souki (@yungsoupkitchen) <a href=\"https:\/\/twitter.com\/yungsoupkitchen\/status\/1694026977420751012?ref_src=twsrc%5Etfw\">August 22, 2023<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>    <p class=\"wp-block-paragraph\">Welcome to Lebanon, habibi! The best place to mine and use fake currencies on the planet, right on the picturesque shores of the Mediterranean. If you&#8217;re an aspiring bullshitter, there really is no better country for you than Lebanon.  <\/p>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">You\u2019re all most welcomed in \ud83c\uddf1\ud83c\udde7Lebanon <a href=\"https:\/\/t.co\/Kyajoc7cCX\">pic.twitter.com\/Kyajoc7cCX<\/a><\/p>&mdash; Sahar\u00ae\ufe0fAlAtrash \u0633\u064e\u062d\u064e\u0631\u0652 (@SahaR_bei) <a href=\"https:\/\/twitter.com\/SahaR_bei\/status\/1694030136667000923?ref_src=twsrc%5Etfw\">August 22, 2023<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>    <p class=\"wp-block-paragraph\">Of course, other than the whole electricity rationing thing, there&#8217;s the whole exchange rate mess. Twitter user Michel-Ange actually did the maths, and the real cost of mining 1 bitcoin in Lebanon would be $40.2k,  around 55% more than the $26k value of 1 bitcoin. Again, that&#8217;s if we actually had the electricity for it. <\/p>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">Price for Lebanon is outdated, you all missed your chance \ud83d\ude04<br>Real price now exceeds $40.2k assuming mining 1 Bitcoin requires around 155,000 kWh\u2026 \ud83e\udd37\ud83c\udffb\u200d\u2642\ufe0f<\/p>&mdash; Michel-Ange (@MAMedlej) <a href=\"https:\/\/twitter.com\/MAMedlej\/status\/1694047725736632636?ref_src=twsrc%5Etfw\">August 22, 2023<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>    <p class=\"wp-block-paragraph\">To everyone looking to set up their bitcoin empires in the Lebanese heartlands, we&#8217;re sorry to be the bearers of bad news. Did you hear that we&#8217;re an oil and gas now guys? Here are some <a href=\"https:\/\/www.beirut.com\/en\/680796\/12-hilarious-reactions-to-berri-and-mikatis-block-9-trip\" target=\"_blank\" rel=\"noreferrer noopener\">hilarious reactions to Berri and Mikati&#8217;s visit to block number 9<\/a>. <\/p> ","protected":false},"excerpt":{"rendered":"<p>A Twitter post shared by the account World of Statistics has identified Lebanon as the cheapest country to mine bitcoin, based on how much it would cost a household to mine 1 coin of the cryptocurrency. The number is estimated at $0.26k, half of second place Iran&#8217;s $0.52k. But, seriously, who&#8217;s going to tell them? [&hellip;]<\/p>\n","protected":false},"author":153,"featured_media":680875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wpai_generated_summary":"","_preview_accessed":0,"_lftp_listicle_injection":"","footnotes":""},"tags":[145,1093,1097],"media-embed-type":[],"class_list":["post-680864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-lol","tag-news","tag-twitterreactions"],"authorship":[74],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.4 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lebanon Reported As Cheapest Country To Mine Bitcoin, Who&#039;s Going To Tell Them? &#187; Beirut.com<\/title>\n<meta name=\"description\" content=\"A Twitter post by World of Statistics has identified Lebanon as the cheapest country to mine bitcoin, who&#039;s going to tell them?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beirut.com\/en\/680864\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lebanon Reported As Cheapest Country To Mine Bitcoin, Who&#039;s Going To Tell Them?\" \/>\n<meta property=\"og:description\" content=\"A Twitter post by World of Statistics has identified Lebanon as the cheapest country to mine bitcoin, who&#039;s going to tell them?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beirut.com\/en\/680864\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\/\" \/>\n<meta property=\"og:site_name\" content=\"Beirut.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/beirutcityguide\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-23T10:12:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-23T10:12:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/08\/bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"795\" \/>\n\t<meta property=\"og:image:height\" content=\"435\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bachar Bzeih\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@beirutcityguide\" \/>\n<meta name=\"twitter:site\" content=\"@beirutcityguide\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bachar Bzeih\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/680864\\\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/680864\\\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\\\/\"},\"author\":{\"name\":\"Bachar Bzeih\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#\\\/schema\\\/person\\\/31bcb97761958f0582520b1def49f0f9\"},\"headline\":\"Lebanon Reported As Cheapest Country To Mine Bitcoin, Who&#8217;s Going To Tell Them?\",\"datePublished\":\"2023-08-23T10:12:41+00:00\",\"dateModified\":\"2023-08-23T10:12:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/680864\\\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\\\/\"},\"wordCount\":375,\"publisher\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/680864\\\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/bitcoin.jpg\",\"keywords\":[\"LOL\",\"News\",\"TwitterReactions\"],\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/680864\\\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\\\/\",\"url\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/680864\\\/lebanon-reported-as-cheapest-country-to-mine-bitcoin-whos-going-to-tell-them\\\/\",\"name\":\"Lebanon Reported As Cheapest Country To Mine Bitcoin, Who's Going To Tell Them? 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