Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Why don't American Companies make Bitcoin Miners?
by
LittleBitFunny
on 16/02/2021, 01:51:13 UTC
⭐ Merited by bitmover (1)
They can do but they have to bear a lot of cost for doing that.
Bitcoin mining requires a lot of energy. So anyone who wants to set up a mining farm will try to set it up in a place where electricity price is relatively cheap and mining equipment is available at low prices. That's why most the miners prefer places like China, Cyprus where electricity prices are relatively low.