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Hyperinflation fuels Bitcoin’s rise in Turkey and Lebanon, experts say

bossOctober 24, 2023 Bitcoin News, News

At the Plan B Forum in Switzerland, Rikki and David from the Bitcoin Explorers Project shared their observations on cryptocurrency adoption in Turkey and Lebanon, countries currently grappling with severe inflation. Crypto in Turkey Rikki described the rampant inflation plaguing Turkey, with prices rising 60% annually, according to official statistics, and possibly

Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko

bossAugust 20, 2023 Cryptocurrency Market, News

There is a significant worldwide contrast in household electricity expenses for individual Bitcoin (BTC) miners. While producing one Bitcoin in Italy costs $208,500, in Lebanon, it’s roughly 783 times cheaper, according to a recent report.Published on Aug. 17, CoinGecko’s report revealed that only 65 countries are profitable for solo Bitcoin miners, based

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Lebanon

Hyperinflation fuels Bitcoin’s rise in Turkey and Lebanon, experts say

Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko

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