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What are they basing these rates on? Just avg rates across the entire country? This isn’t reflective at all of what miners would actually be paying.
Not entirely sure.
Maybe just buying from the power grid?
It would be really interesting to see the cost broken down by US states because I feel like Cali and New York for example really up the cost compared to say Texas and North Dakota
Agreed. There’s loads of stranded energy just waiting to be captured for pennies on the dollar compared to other jurisdictions.
Must be ignoring taxes and regulations. In Kazakhstan mining is now prohibitively expensive afaik.
A whole lot, especially in remote African regions where bitcoin mining technology is not rampant
Why is electricity so expensive in the west?
Probably because of terrible policies that caused the recent blackout in Spain, Portugal, and France.
What are they basing these rates on? Just avg rates across the entire country? This isn’t reflective at all of what miners would actually be paying.
Not entirely sure.
Maybe just buying from the power grid?
It would be really interesting to see the cost broken down by US states because I feel like Cali and New York for example really up the cost compared to say Texas and North Dakota
Agreed. There’s loads of stranded energy just waiting to be captured for pennies on the dollar compared to other jurisdictions.
Must be ignoring taxes and regulations. In Kazakhstan mining is now prohibitively expensive afaik.
A whole lot, especially in remote African regions where bitcoin mining technology is not rampant
Why is electricity so expensive in the west?
Probably because of terrible policies that caused the recent blackout in Spain, Portugal, and France.