Electricity costs, however, aren't everything. Friendly policymakers and sufficient infrastructure are also key factors.It has a deregulated power grid that lets customers choose between power providers, and crucially, its political leaders are pro-crypto — dream conditions for a miner looking for a kind welcome and cheap energy sources.
"You are going to see a dramatic shift over the next few months," said bitcoin mining engineer Brandon Arvanaghi. "We have governors like Greg Abbott in Texas who are promoting mining. It is going to become a real industry in the United States, which is going to be incredible."When bitcoin crashed in late 2017 and the wider market entered a multiyear cryptocurrency winter, there wasn't much demand for big bitcoin farms. U.S.
"The large, publicly traded miners were able to raise capital to go make big purchases," said Mike Colyer, CEO of digital currency company Foundry, which helped bring over $300 million of mining equipment into North America. Companies like North American cryptomining operator Core Scientific kept building hosting space all through the depths of the period so that they had the capacity to plug in new gear, according to Colyer. Core, which
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