A new study has named Louisiana as the cheapest state in the US in which to mine bitcoin. Electrical supply company CESCO based its calculation on the cost of electricity in each state, the power requirements of the equipment needed, and the average length of time taken to mine a token. This produced a figure of $3,224 per bitcoin for Louisiana, with the most expensive places being Hawaii, at $9,483, and Alaska at $7,059. All of these figures are notably less than the current trading price of bitcoin.
A new study has named Louisiana as the cheapest state in the US in which to mine bitcoin. Electrical supply company Crescent Electric based its calculation on the cost of electricity in each state, the power requirements of the equipment needed, and the average length of time taken to mine a token. This produced a figure of $3,224 per bitcoin for Louisiana, with the most expensive places being Hawaii, at $9,483, and Alaska at $7,059. All of these figures are notably less than the current trading price of bitcoin.