Cut the bacon in small squares.
Sautee the bacon and beef mince on medium-low heat for about 8/12 minutes, stirring few times. When the bacon is cooked and crispy, remove it from the pan and drain it over a paper towel.
Keep aside 1 tablespoon of bacon and beef fat.
Wash and wipe the pan you cooked the bacon in, then add the meat fat saved from before and heat the pan to medium heat. Add the onions, peppers, smoked paprika and chili powder, and stir to combine all together. Sautee for 4-8 minutes, until cooked but not dark brown. Remove the pan and set it aside to cool down.
Preheat oven to 400 degrees F.
In an oven-proof dish (around 9x9inch baking tray will do), add half amount of the cheese, half amount peppers, and half beef/bacon.
Cover the baking tray with aluminum foil, then bake it for 8-10 minutes, just until the cheese is melted. Make sure you don’t overcook it.