As today Sell Bitcoin With Paypal without paying any extra fee There are also other advantages that extend far beyond electricity cost and quality. When it comes to a nascent industry such as cryptocurrency mining, regulation is a decisive factor. A ban on crypto mining can put miners out of business in a blink of an eye, so the government’s outlook on mining and cryptocurrencies as a whole is quite important. According to him, “Europe is far more receptive to bitcoin and crypto, than other places where energy is cheaper and this may be a decisive factor.

I would say Europe is one of the most viable markets long term for the mining industry. Political stability is key to this industry and as larger and larger sums of money are invested into the space many will look at Europe for their mines

So, from alternative electricity sourcing to government incentives, Europe has a lot of positive factors that can be easy to overlook, which means miners should be able to survive a bearish post-halving Bitcoin. But the issue with the cost of electricity is still a fundamental barrier. Europe is still cost-prohibitive for mining in most places, according to my sources. While there may be pockets of opportunity, it is difficult to find cheap, sustainable power. There's not the widespread excess Europe is still cost-prohibitive for mining in most places, according to my sources. While there may be pockets of opportunity, it is difficult to find cheap, sustainable power. There's not the widespread excess production Reliable and Trusted Bitcoin Exchange we see in the U.S.