Post
Topic
Board Mining
Re: Is America the best option?
by
Fara Chan
on 06/01/2023, 03:38:28 UTC
Are there many new mines in the United States now? Is it the best choice to choose to mine in the United States? How much is the electricity bill? Can recommend a better mine.
Some new Miners moved to America because mining in their country was closed, maybe one of the reasons in this country is that electricity costs are relatively low and they decided to move to that country, and Bitcoin mining in the United States is Legal. besides, miners in the United States already know that they produce more of the highest Hashes;

Top Bitcoin mining countries and the Hashes they generate
  United States: 35.4% (USA topped the list)
  Kazakhstan: 18.1%
  Russia: 11.23%
  Canada: 9.55%

Actually there are also several mines that are not registered from the country.
Maybe in terms of rules, in the future I think the State will make regulations stipulated in the laws of their respective countries for the issue of mining articles.

Apart from the United States, several countries in Asia also facilitate electricity costs that are not so high, and some of them have low electricity costs, but the problem is Bitcoin mining regulations.

I think choosing a mine where electricity costs are relatively low is the best strategy, because this will still be profitable even though the bearish market is in a fixed state, and very profitable if the market is bullrun. if the cost in your country is standard, I don't think this is a problem, it's just that you prepare as much as possible about how to manage it.