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Yes, I agree.
Are electricity rates so low in USA that big mining firms are hoarding there?
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I wouldn't think so, at least not compared to countries with highly subsidized electricity prices.
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Ok. Let's compare from my place. We dont get subsidy here. The price for 1 unit of electricity is about $0.12.
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That's in the same ballpark as here. I don't have a good sense of the regional variation, though.
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Thanks. Good to know. At least something's in the same ballpark. There are also regional variations here but very minor.
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American Bitcoin miners are going to have to seriously ramp up production if all the remaining blocks are going to be mined in the US.