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To: Saije
Mostly, crypto miners are looking for cheap electricity.

In 2020, the largest concentration of USA miners was in rural west Texas.

They were trying to tap into natural gas that was too difficult or too expensive to transport.

The miners brought their own electric generators and basically burned gas straight from the well heads.

The biggest problem for miners in 2023 is that most of them need financing.

After a 70% Bitcoin price crash, finding gamblers who will bet millions on a mining operation is a very tough sell these days.

26 posted on 01/08/2023 11:49:40 AM PST by zeestephen (43,000)
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To: zeestephen

Low cost electricity in Iceland...home of aluminum refining.


28 posted on 01/08/2023 12:00:02 PM PST by spokeshave (Proud Boys, Angry Dads and Grumpy Grandads.)
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