Maps of large bitcoin mines in the US, Canada, and more \ stacker news ~bitcoin

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Maps of large bitcoin mines in the US, Canada, and more public.tableau.com/app/profile/valentin.rousseau1987/viz/Miningmapv2/U_S_Map

956 sats \ 14 comments \ @k00b 26 Jan bitcoin_Mining

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191 sats \ 0 replies \ @Aardvark 26 Jan

I really hope we get some nuclear up and running in this country soon. I'd like to see those dots spread out.

191 sats \ 0 replies \ @itsMoro 26 Jan

truly unbelievable the value the pacific northwest is leaving on the table with all that hydro

49 sats \ 0 replies \ @Shugard 26 Jan

Man Texas is rocking the show!

Would love to see the same map with all the hash rates! Like whats going on in Africa, Europe and Asia with small solo miners.

Also how many miners are in Russia and China we dont know yet.

27 sats \ 0 replies \ @Satosora 26 Jan

Texas is doing very well. My state...not so much.

26 sats \ 3 replies \ @WeAreAllSatoshi 26 Jan

Don’t doxx me like that!

109 sats \ 2 replies \ @k00b OP 26 Jan

12 sats \ 0 replies \ @Aardvark 26 Jan

🤣

0 sats \ 0 replies \ @WeAreAllSatoshi 26 Jan

This is meme Monday worthy

0 sats \ 2 replies \ @Coinsreporter 26 Jan

I've been trying to set up something like that here for over a year now as India don't have a single mining company.

The problem is that we don't have two basic requirements on our side, may be that's the reason we don't have any. One the electricity costs are higher here, second it's not running 24 hours outside of big cities. The big cities have much higher costs. Two is the requirement of shipping miners which cost much more due to tax obligations.

9 sats \ 1 reply \ @k00b OP 26 Jan

What have you done to try to set it up or do you mean research?

60 sats \ 0 replies \ @Coinsreporter 26 Jan

I talked to people who are solo mining but not mining Bitcoin. I searched for the prices of equipments and compared the costs, big difference for US and here. For example, For this miner I'd have to pay $500 extra for custom duty and delivery. Another big impediment is the requirement of setting it legally. The compliances of AML are very tough to fulfill. There are many Bitcoin related companies have already gone offshore because of these.

If you somehow fulfill all of these then there's a tax on any gains you make are taxed at a rate of 30% (plus 4% cess).

So, you see the Bitcoin scene in India is not promising and the current government is not supportive of Bitcoin, not at all.

Also, the prices of electricity are much higher but it's a secondary thing.

0 sats \ 2 replies \ @NovaRift 26 Jan

Very interesting. What do you think should be done that will increase the number of these dots? Does having more miners also mean lower transaction fees and faster confirmations?

19 sats \ 1 reply \ @ek 26 Jan

Does having more miners also mean lower transaction fees and faster confirmations?

No, not in the long run. Difficulty adjusts itself every 2016 blocks (~2 weeks) to have a block every 10min and max block size is fixed by consensus rules.

0 sats \ 0 replies \ @NovaRift 26 Jan

Thanks 🙏