Due to inexpensive power costs, the cryptocurrency mining in Venezuela costs around $531. Based on a study of 115 countries, carried out by International Energy Agency, the second cheapest country for mining is Trinidad and Tobago, where the cost of Bitcoin production is around $1,190, followed by Uzbekistan with an approximate cost of $1,790. At the moment, the most expensive Bitcoin mining country is South Korea, where the cost is around $26,170.