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Is there even that much crypto mining happening in the US anymore?

• missedthecue 3y ago
  US mines more bitcoin than any other country. The big thing now is using natural gas from oil wells that are not connected to gas pipelines (it's not economical to connect them), so instead of flaring the gas off into the sky, they fuel a generator to power a bitcoin farm using essentially free electricity.
  • jjtheblunt 3y ago
    > US mines more bitcoin than any other country. how do you know that? are there rankings somewhere? super curious
    • Mistletoe 3y ago
      https://ccaf.io/cbnsi/cbeci/mining_map https://ccaf.io/cbnsi/cbeci/mining_map
    • runnerup 3y ago
      Yes, quick google search will reveal many results.
  • ipaddr 3y ago
    What is the tax rate on free electricity?
    • shadowgovt 3y ago
      "Value of that electricity, if purchased externally." https://home.treasury.gov/system/files/131/General-Explanations-FY2024.pdf https://home.treasury.gov/system/files/131/General-Explanati...
  • stonemetal12 3y ago
    30% of free isn't a lot of tax.