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25 sats \ 1 reply \ @0322ee777777 18 Oct 2022
Great share. Also wish we had data on average electricity cost for plebs. I imagine its at least a full cent or two above the US industrial average rate.
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0 sats \ 0 replies \ @BTCMiner OP 19 Oct 2022
In the U.S., residential rates are, in general, going to be far higher than the industrial rate in nearly every specific region.
https://i.postimg.cc/LX4RNFYz/Screenshot-at-2022-10-18-23-03-57.png
Source: https://www.statista.com/statistics/200197/average-retail-price-of-electricity-in-the-us-by-sector-since-1998
Average energy prices for the United States, regions, census divisions, and selected metropolitan areas
https://www.bls.gov/regions/midwest/data/averageenergyprices_selectedareas_table.htm
Reasons home miners continue mining in the current environment vary, but will include how obtaining KYC-free BTC from other methods also incurs a premium, or that the cost of electricity is subsidized or paid by another party, or the heat is reused, etc.
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3 sats \ 0 replies \ @BTCMiner OP 18 Oct 2022
Here's the Tweet by the author of the report that kicked off the Twitter thread where the Coinshares report was first shared:
https://twitter.com/MatthewKimmell/status/1582402590813302785 [Nitter]
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5 sats \ 0 replies \ @nymkey 18 Oct 2022
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