According to the report, Europe is home to nine of the ten least profitable countries for Bitcoin mining, based on domestic electricity costs. Photo: Allbreaknews.com According to the report, Europe is home to nine of the ten least profitable countries for Bitcoin mining, based on domestic electricity costs. There is a significant global contrast in domestic electricity costs for individual Bitcoin miners. While producing one Bitcoin in Italy costs US$208,560, in Lebanon the same BTC can be mined for 783 times less, according to a recent report. Published on August CoinGecko's report reve…