This number seems high to me other than saying "depending on the cost of electricity" why mine when you could buy cheaper?


Quote Originally Posted by Zipmex cite

Mining equipment is also very power-hungry. Depending on the cost of electricity in a miner’s area, it could potentially cost $73,000 to process one bitcoin in a month’s time.(2)

One way to reduce this cost is to join a mining pool that harnesses the computational power of hardware owned by multiple miners.

The Best Bitcoin Mining Software for 2021
Mining pools have been a recipe for fraud ala USI Technology and Dunamis which claimed to be renting computers. One oft cited criticism of Dunamis was the facility was located in Arizona where cooling costs would have been through the roof, no pun intended. Dumamis claimed to have discounted rates but offered no proof and the Pinetop facility was hooked to Abe Lincoln dated power lines. Unlikely story proved certain losses.



Bitcoin consumes '''more electricity than Argentina''' - BBC News

Bitcoin uses as much energy as Sweden and is on course to use even more. Experts say that's a 'major problem' for its future.