Bitcoin Mining Lab

Mining Lab · Miners · Colombia

Is Bitcoin mining worth it in Colombia?

Household electricity in Colombia costs 14.2 cents per kilowatt-hour. That is rank 28 of 69 in Europe. What it means for a mining machine is below.

Household tariff
14.2 ct
GlobalPetrolPrices and national regulators, 2025
Business tariff
13.0 ct
GlobalPetrolPrices and national regulators, 2025
Machines in profit
3 / 126
of 126 compared
Rank in Europe
28 / 69
1 = cheapest power

In short

At 14.2 cents, 3 of the 126 machines pay off, and only the most efficient ones. The margin is thin: if network difficulty rises or the price falls, it tips. The business tariff of 13.0 cents looks different: there, 5 machines pay off.

The machines that pay off in Colombia

ModelTH/sJ/TH Net/dayBreak-even
Antminer S23 XP Hyd6008.9+2.16 €15.9 ct
Antminer S23 Hyd 3U1,1609.5+1.81 €14.9 ct
SealMiner A4 Ultra Hyd8869.4+1.53 €15.0 ct
Bitaxe Gamma 6021.311.5-0.01 €12.3 ct
Bitaxe Gamma 6011.215.0-0.02 €9.4 ct
Nerdaxe Gamma 6011.215.0-0.02 €9.4 ct
Nerdaxe Ultra0.526.0-0.03 €5.4 ct
BTC Solo Lite 1.2T1.219.2-0.04 €7.4 ct

Use your own tariff

What a bitcoin costs in electricity

Power cost per bitcoin 66,921 €
Efficiency Antminer S23 XP Hyd · 8.9 J/TH
Bitcoin price 74,873 €

This figure is the pure electricity input needed to earn one whole bitcoin through the network, calculated with the most efficient machine in the comparison and the tariff above. Hardware, cooling, staff and downtime are not in it. If it sits above the bitcoin price, mining costs more than the result is worth.

Where power is cheaper

Within Europe more than forty cents separate the cheapest household tariff from the dearest. That decides profit and loss far more sharply than any choice of machine. The neighbours by price:

Electricity priceHousehold tariff Business tariffRank in Europe
Malta13.0 ct15.9 ct25
Moldova13.2 ct13.8 ct26
Bulgaria13.6 ct—27
Colombia14.2 ct13.0 ct28
Iceland14.6 ct8.2 ct29
Peru14.8 ct13.4 ct30
South Africa15.2 ct13.7 ct31

All countries compared

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