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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

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 4y ago
> US mines more bitcoin than any other country. how do you know that? are there rankings somewhere? super curious
- Mistletoe 4y ago
  https://ccaf.io/cbnsi/cbeci/mining_map https://ccaf.io/cbnsi/cbeci/mining_map
- runnerup 4y ago
  Yes, quick google search will reveal many results.
ipaddr 4y ago
What is the tax rate on free electricity?
- shadowgovt 4y 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 4y ago
30% of free isn't a lot of tax.