Crypto Mining in Sweden
Sweden Mining Environment
Sweden has a largely hydro and nuclear electricity mix with relatively low carbon intensity. The northern regions (Norrland) have abundant hydro capacity and very cold climate — attractive for mining operations. Sweden is a major European data center hub. Electricity spot prices (Nord Pool) are variable; northern Sweden (SE1, SE2 price zones) is consistently cheaper than southern Sweden.
Electricity: North Sweden industrial: ~SEK 0.60–0.80/kWh (~$0.06–0.08). South Sweden: ~SEK 1.00–1.50/kWh (~$0.09–0.14). Highly variable on Nord Pool.
Legal status: Legal. Sweden's Financial Supervisory Authority (Finansinspektionen) has publicly questioned the environmental impact of PoW mining. No outright ban, but regulatory pressure for environmental disclosures exists.
Notable operations: KnC Miner (historical), Hive Blockchain (facilities).
Coin Profitability in Sweden at $0.13/kWh
Best-in-class hardware for each coin, ranked by estimated daily profit. Based on current price and network difficulty, updated in real time.
| Coin | Algorithm | Best Hardware | Daily Profit | Monthly | Status |
|---|---|---|---|---|---|
| Zcash (ZEC) | Equihash | Bitmain Antminer Z15 Pro · 2650 W | +$53.17 | +$1,595 | Profitable |
| Kaspa (KAS) | kHeavyHash | Bitmain Antminer KS7 · 3300 W | +$6.93 | +$208 | Profitable |
| Dogecoin (DOGE) | Scrypt (AuxPoW) | Bitmain Antminer L9 · 3360 W | +$4.94 | +$148 | Marginal |
| Monero (XMR) | RandomX | AMD Radeon RX 6800 XT · 130 W | −$0.15 | −$4 | Break-even |
| Ethereum Classic (ETC) | Etchash | AMD Radeon RX 6800 XT · 120 W | −$0.34 | −$10 | Break-even |
| Alephium (ALPH) | Blake3 | AMD Radeon RX 6800 XT · 140 W | −$0.44 | −$13 | Break-even |
| Ravencoin (RVN) | KAWPOW | AMD Radeon RX 6800 XT · 150 W | −$0.44 | −$13 | Break-even |
| Bitcoin (BTC) | SHA-256 | MicroBT Whatsminer M66S · 3441 W | −$0.76 | −$23 | Break-even |
| Bitcoin Cash (BCH) | SHA-256 | MicroBT Whatsminer M66S · 3441 W | −$4.03 | −$121 | Unprofitable |
| Litecoin (LTC) | Scrypt | Bitmain Antminer L9 · 3360 W | −$8.53 | −$256 | Unprofitable |
Estimates use Sweden's average rate of $0.13/kWh. Enter your exact rate in the live calculator for personalised figures.
Frequently Asked Questions
Which cryptocurrencies are most profitable to mine in Sweden in 2026?
At Sweden's average electricity rate of $0.13/kWh, 3 of 10 supported coins are currently profitable with their best-in-class hardware: Zcash, Kaspa and Dogecoin. The top performer is Zcash (ZEC), earning an estimated $53.17/day on a Bitmain Antminer Z15 Pro. Rankings shift with coin price and network difficulty — use the live calculator for your exact setup.
What is the electricity rate for crypto mining in Sweden?
North Sweden industrial: ~SEK 0.60–0.80/kWh (~$0.06–0.08). South Sweden: ~SEK 1.00–1.50/kWh (~$0.09–0.14). Highly variable on Nord Pool. This rate is high by global mining standards: only the most efficient hardware can be profitable, typically requiring commercial or industrial contracts below the residential average.
Is crypto mining legal in Sweden?
Legal. Sweden's Financial Supervisory Authority (Finansinspektionen) has publicly questioned the environmental impact of PoW mining. No outright ban, but regulatory pressure for environmental disclosures exists.
What is the best mining hardware to use in Sweden?
It depends on the coin. For the most profitable option right now — Zcash — the standout unit is the Bitmain Antminer Z15 Pro (840 kSol/s, 2650 W) at an estimated $53.17/day. The table above lists the best hardware for each of the 10 supported coins at Sweden's electricity rate.
How does Sweden's electricity rate compare globally for mining?
At $0.13/kWh, Sweden's rate is above the most competitive mining regions; profitability is possible with efficient hardware but margins are tighter than in low-cost jurisdictions. For comparison: Ethiopia ~$0.02/kWh, Paraguay ~$0.03/kWh, Kazakhstan ~$0.04/kWh, USA (industrial) ~$0.04–0.07/kWh, Germany ~$0.32/kWh.
Mining in Other Countries
Enter your exact electricity rate — not just the country average — for accurate profitability across all 10 coins.