Why Texas might become the next Crypto mining capital of the world

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China continues to push operators out of the country, as the first big mining operations make their move to the USA, most of which seem to have Texas as final destination. Compared to many U.S. states, Texas energy rates are inexpensive, although there are a few states that are slightly cheaper.

This is still a strong selling point for bitcoin miners, but energy supply problems, with no end in sight as the population of Texas grows, is a potential problem. As noted here, the former governor of Texas, Rick Perry, called miners “a major accelerant for job creation and sustainable economic growth in the state,” while current governor Greg Abbott has put out the welcome mat for bitcoin mining companies.

Electricity prices comparison USA 2016-2017

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