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Number 1 for mining bitcoin ?

USA is now the world’s number 1 for mining bitcoin at the moment defeating all other countries like China.


The U.S. is now the number 1 for mining bitcoin, eleminating China for the first time ever.
For the previous times China holds the number 1 for mining bitcoin widely but USA is trying to make its spot in the mining race so it gets and become the number 1 destination.
In making the USA number 1, there is a huge role for texas as well. Becase in texas there are huge mining plants are build which work on their best to mine bitcoin in all ways.

USA energy sources which makes it number 1 for mining bitcoin

The U.S. ticks a lot of boxes for migrant bitcoin miners searching for a new home.
For one, states like Texas boast some of the world’s lowest energy prices, which is a major incentive to miners who compete in a low-margin industry, where their only variable cost is typically energy.
The U.S. is also flush with renewable power sources.
Washington state is a mecca for hydropowered mining farms which farms the bitcoin to its best value. New York produces more hydroelectric power than any other state east of the Rocky Mountains, and it counts its nuclear power plants toward its 100% carbon-free electricity goal which helps it to become the number 1 for mining bitcoin.
From the texas they get their power from the wind and it is main source of power. Where the grid keeps adding the wind and solar power.
Miners across the country have also harnessed nuclear power. Some are latching their rigs to otherwise stranded energy, like natural gas going to waste in oil fields across Texas. This reduces greenhouse gas emissions and generates money for the gas providers and miners.

Blockstream CEO Adam Back

Mining is price sensitive, so as to seek out the lowest-cost power and the lowest-cost power tends to be renewable because if you’re burning fossil fuels … it has extraction, refinement and transport costs

The cryto friendly people who are making the policy abd the supply of hosting infrastructure which helps to create electricity at low prices in texas which is one of the main cause of its number 1 for mining bitcoin.
The state has a deregulated power grid with real-time spot pricing that lets customers choose between power providers, and crucially, its political leaders are pro-crypto. Those are dream conditions for miners who want a kind welcome and cheap energy sources.
“If you’re looking to relocate hundreds of millions of dollars of miners out of China, you want to make sure you have geographic, political, and jurisdictional stability. You also want to make sure there are private property rights protections for the assets that you are relocating,” said Darin Feinstein, co-founder of Core Scientific.
The USA is the leader, that’s why. Mecca for bitcoin
The U.S. has been quietly boosting its hosting capacity for years. Its their hardwork in that field so that they are the number 1 for mining bitcoin.

This is one of the reasons why the US governments want to control cryptocurrencies, which will likely generate more than half of the country’s tax revenue if they become more popular. And also beneficial for the people of the country and all accross the world.

US government only focuses their people because these are the ones who will pay the taxes and generate the countries revenue. The government sees the potentional in the cryptocurrency so that’s why they are working on it and making the mining happen in the country and making it number 1 for mining bitcoin.
Most of the self earned people invest in the crypto so if they have to get the loss then it will be theirs. Young generation is taking interest in it and investing in it and some making good profits day by day and some save it for the future which is a good things to do as of now.

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