Is America the best option?

[BTBox2021]

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.

[Charles-Tim]

Miners in the United States generate more bitcoin mining hash rates (highest in the world). I think that means certain states or region that bitcoin mining is legal in US, especially where miners are more located would be good for bitcoin mining.

[BitDane]

It looks like miners moved to United States after China shuts Bitcoin Mining down.  It is possibly due to the lower electricity and of course Bitcoin mining in USA is legal making most of the mining farm company to move their farm in the country.  It was stated that miners will do well in New York and Texas[1].  Next to USA is Kazakhstan.

I think there are country that has cheaper energy but the problem is the Bitcoin mining regulation.

In addition here is the list of top 8 Bitcoin mining by countries and their hashes.

1. United States: 35.4%
2. Kazakhstan: 18.1%
3. Russia: 11.23%
4. Canada: 9.55%
5. Ireland: 4.68%
6. Malaysia: 4.58%
7. Germany: 4.48%
8. Iran: 3.1%


[1] https://worldpopulationreview.com/country-rankings/bitcoin-mining-by-country

[FP91G]

Electricity is expensive in Germany now and a hashrate of 4.48% is a lot. There are a lot of miners in America and they will probably be expelled from the country. In Kazakhstan, a mining license is already required. There is a lot of unregistered mining in Russia, but next year there may be laws. It is better to choose a country where mining is not very developed and the government will not care about you

[Basic Asic]

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.

America is very cheap yes. are you looking to collocate?

[BitMaxz]

Based on the average electricity rate in the US it's around 0.1$ for commercial their residential is a bit expensive. However, there are some companies that I think offers cheaper than that you just need to find some legit colocation that offers cheap power.

The US is not the best place if you are looking for cheap electricity rates most of them are in Asian countries like Iran which offers around 4 cents I guess.

[fennic]

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.

I like America and that's my dream to go there but regarding Mining equipments I think that Electricity and other such things are very expensive to other countries relatively. And I might say that I will Prefer Canada cause it's cheap and also better and there is more low temperature that is just good for the Mining Machines...
But Despite that I have seen that Still united States is king with most Active miners in the world.and I am also still Impressed that Kazakhstan is in 2nd place and that is just a big milestone.

[nullama]

I think the best mining place would be anywhere where you can get a cheap deal for electricity.

This can be anywhere in the world really. You don't always have to pay the standard prices if you have a special or unique opportunity.

For standard prices, I reckon it's very competitive.

[Fara Chan]

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.

[LDL]

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.

Previously China was very pioneer in the mining sector but considering various issues, the Chinese government has banned all activities from Bitcoin mining to Bitcoin.  Among the reasons why the United States is currently leading the mining sector is the fact that the USA has large reserves of electrical power and the amount of electricity required for mining is not a problem for the United States.  Mining in America is still profitable for electricity power consumption, but the scarcity of electricity power in other countries will threaten mining in the future.

[Husires]

All the numbers that you will hear above are inaccurate because the calculation of the word “best option” changes from one user to another.

The cost of electricity, although the most important factor, is not the only one in calculating your profits and losses. Your variables are many, for example, but not limited to:

• Electricity cost: If you run an activity that consumes a lot of electricity, you may get much cheaper prices than those sold to the public, and you may get deals that no one else can reach.
• Cooling cost and inconvenience.
• Taxes.
• Mining place.
• Bitcoin price and date your coins were sold.
• Hashrate.
• How to finance the project and whether you have loans that need to be repaid.
• luck.

We will give you averages, but when you start mining, the numbers will be completely different.

[stompix]

Electricity is expensive in Germany now and a hashrate of 4.48% is a lot.

That is taken from Cambridge's study:
https://ccaf.io/cbeci/mining_map
and they have a note added for Germany and Ireland

* To our knowledge, there is little evidence of large mining operations in Germany or Ireland that would justify these figures. Their share is likely significantly inflated due to redirected IP addresses via the use of VPN or proxy services.

It's highly probable that they don't have even 0.4% combined, Spain which has no need for VPNs and has cheaper electricity is quoted at 0.02%, so a 0.0something is more likely.I would expect the loss of 3 exahash for Russia in the last months to be also influenced by this as lately when I'm letting my VPN randomly select IPs I instantly know when it has switched to a Russian one as it's one website blocked after another.

[tjtonmoy]

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.

The question is, where are you from? Not asking you to answer for privacy reason, but think this by yourself. Even USA is at the top doesn't mean you can just go there and earn a lot. And there are other counties that also have cheap electricity. But in the long run, you can't just get in the country and stay there forever to mine BTC. You need green card for to stay. And if we skip talking about that, then you need to focus on the mining rig. With a good rig, you can mine and compete with others easily. 

[Ben Barubal]

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.

   As long as your electricity consumption will be cheap why not, right? But if it's going to be expensive and your electricity bills will go to mining, I think it's useless.

But as long as the climate of a country is cheap and cold, I think you can save on electricity in this scenario. However, it is still better to do some research so that you know which country to mine bitcoin effectively.

[safar1980]

In early December, Deputy Energy Minister Pavel Snikkars said that the industry may see a two-fold increase in its share of Russia’s total power consumption in 2022. His department and the Bank of Russia supported a bill designed to regulate cryptocurrency mining but lawmakers postponed the adoption of the draft law for 2023.
Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

[cloirecrom]

the most crucial will be the energy cost, you need cooling and electricity for you ascii miner
regulation come second , why bother if it's not profitable

[FP91G]

Electricity is expensive in Germany now and a hashrate of 4.48% is a lot.

That is taken from Cambridge's study:
https://ccaf.io/cbeci/mining_map
and they have a note added for Germany and Ireland

* To our knowledge, there is little evidence of large mining operations in Germany or Ireland that would justify these figures. Their share is likely significantly inflated due to redirected IP addresses via the use of VPN or proxy services.

It's highly probable that they don't have even 0.4% combined, Spain which has no need for VPNs and has cheaper electricity is quoted at 0.02%, so a 0.0something is more likely.I would expect the loss of 3 exahash for Russia in the last months to be also influenced by this as lately when I'm letting my VPN randomly select IPs I instantly know when it has switched to a Russian one as it's one website blocked after another.

Bitcointalk has been working in Russia through VPN for a long time, but I don't have much difficulty with blocking. Some pools blocked Russian IPs, but they didn't stop working with Russian miners. In Siberia, very large investments are spent on mining, because there is a lot of cheap electricity. I think that at the end of the year mining statistics will change a lot in favor of Russia.

[bettercrypto]

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.

I'm just not sure if until now Texas and New york  is still the best place in America with a cheap electricity bill in terms of KWH price. But as far

as I know Canada and Iceland have a cooler environment. There's probably less dust in those areas, the miners are running at a cooler

temperature.

[hZti]

I'm just not sure if until now Texas and New york  is still the best place in America with a cheap electricity bill in terms of KWH price. But as far

as I know Canada and Iceland have a cooler environment. There's probably less dust in those areas, the miners are running at a cooler

temperature.

What you would also need to consider that New York and Texas beginn to regulate or even ban crypto mining in large quantities. So it is good to keep an eye on that before planning to invest in such areas.

[FP91G]

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.

I'm just not sure if until now Texas and New york  is still the best place in America with a cheap electricity bill in terms of KWH price. But as far

as I know Canada and Iceland have a cooler environment. There's probably less dust in those areas, the miners are running at a cooler

temperature.

I don't know how climate affects the amount of dust, but my friends have asics installed in hangars and they use the simplest industrial dust filters. It seems to me that there are more problems with mining in Canada than in the USA.