Mining Bitcoin in the US? Best Do It In Louisiana, Study Says

JulienJ

Member
Electrical supply company Crescent Electric (CESCO) study reveals that the state of Louisiana is the cheapest state in the US to mine Bitcoin.

Digital currency mining requires a lot of electric power and the power rates differ in every state.

Based on CESCO’s latest study of the cost of cryptocurrency mining across the US, it is currently cheapest to mine Bitcoin in Louisiana -- electricity costs at 9.87 cents per watt puts the average cost of mining one Bitcoin at $3,224.

This is significantly cheaper than the current price of Bitcoin, which is currently trading at around $12,000 per coin, as of press time.

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