A Bitcoin is always worth the same on paper. Whether it is mined in Nigeria or Norway, it holds the same market value. But the cost, effort, and practicality of mining that coin vary dramatically depending on location.

According to data compiled by NFT Evening, the cost to mine one Bitcoin now ranges from just above $8,000 in Ethiopia to more than $320,000 in Ireland — a nearly fortyfold difference. The code remains constant, but the realities of energy policy, currency stability, infrastructure, and local grids create sharp economic divergence.