Where are the cheapest and most expensive places to mine this popular cryptocurrency if you want to learn more about this topic, read an article https://sharemontinvestments.com/how-to-mine-safemoon-crypto-the-ultimate-guide/. This graphic by 911 Metallurgist provides a snapshot of the estimated cost of mining bitcoin around the world, using pricing and relative costs from March 23, 2022. The extreme difficulty of bitcoin mining today is why high-powered machines are needed to successfully find new blocks. These high-end machines are capable of trillions of hashes per second, expressed as terahashes per second.