Norway restarts discontinued mining farm, Bitcoin mining cost may drop by $5,000 per coin

According to bitcoinist, the Norwegian bitcoin mining company Northern Bitcoin plans to reopen the discontinued Levdal mine, which will reduce the cost of each bitcoin to as low as $2,700. The average mining cost in Norway is now $7,700 per coin, which has exceeded the current price of bitcoin. The country with the highest mining cost is Australia, which is close to $10,000 per coin, and the mining costs in China and Saudi Arabia are close to $3,100 per coin.