The US bitcoin miners are enjoying the convenience of choosing where to mine thanks to new research that reveals the cheapest areas for mining.
At the beginning of the list, surprisingly, Louisiana is located. Located between Mississippi and Texas, Louisiana is not a place to identify with anything related to crypt money or technology.
The miners want to get to know the Pelican State more closely because it hosts the cheapest energy rates in the entire country. The research conducted by Crescent Electric identified the top five regions for Bitcoin mining, and Louisiana was at the top of the puck.
The average US mining cost in the south east is estimated to be $ 3,224 in Arkansas, and this number is listed fifth. Tersten ranks in Tennessee, Washington and Idaho, after Arkansas.
Map of US Bitcoin Mining
These differences in prices may seem mild, but potential gains over the course of a year can quickly change the situation.
In finding a place for crypto mining, entrepreneurs often look for cheap hydroelectric resources.
The report also includes the most expensive US states for Bitcoin mining. It's obvious how expensive New Hampshire, Massachusetts, Connecticut, Alaska, and Hawaii borders are. The average cost is about 9,500 Dollars and about three times higher than Louisiana.
In finding a place for crypto mining, entrepreneurs often look for cheap hydroelectric resources.
Mining in Southeast Region
When it comes to pricing, US companies adjust the rates according to how much they will spend to generate power and market conditions. Thus, while regions such as Washington and New Hampshire are not suitable for mining, Louisiana, which is relatively impoverished, appears to be the best choice.
There is a great spirit in Louisiana for mining. More importantly, from the point of view of the crypto money mining, there is plenty of cheap power supply.
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