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US access to Venezuelan oil could make Bitcoin mining cheaper: Bitfinex

January 6, 2026 by DIGIT
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US access to Venezuelan oil could make Bitcoin mining cheaper: Bitfinex

Bitcoin mining electricity costs could fall if Venezuelan oil production increases, though it may take several years before the benefits are fully realized, Bitfinex analysts say.

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  • bitcoinBitcoin(BTC)$65,727.00-3.37%
  • ethereumEthereum(ETH)$1,882.79-4.55%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$1.37-3.76%
  • binancecoinBNB(BNB)$601.31-3.40%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$78.88-7.25%
  • tronTRON(TRX)$0.287388-0.30%
  • dogecoinDogecoin(DOGE)$0.094734-2.50%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.050.00%
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  • bitcoinBitcoin(BTC)$65,727.00-3.37%
  • ethereumEthereum(ETH)$1,882.79-4.55%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$1.37-3.76%
  • binancecoinBNB(BNB)$601.31-3.40%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$78.88-7.25%
  • tronTRON(TRX)$0.287388-0.30%
  • dogecoinDogecoin(DOGE)$0.094734-2.50%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.050.00%