Chinesegiven by miner While the echoes of the migration still continue, most of the miners who have found themselves in new places have succeeded in establishing their old order.
As such, some settlements naturally became the favorites of miners. As of the end of last month GeorgiaCryptocurrency miners in Foundry USA accounted for 34% of the computing power in the mining pool.
That’s roughly double the total share since the third quarter of last year, according to data from the world’s largest mining pool.
Georgia has several incentives that attract cryptocurrency miners, including relatively low energy prices from sustainable sources such as nuclear and solar power. In a way, this allows mining companies to present themselves as environmentally friendly.
Mining activities, which are also supported by the state, fulfill their green power supplier needs by the state. Although current laws sometimes create obstacles to these activities, such obstacles can be overcome, as in the case of College Park.
College Park’s Green Energy Efforts
After purchasing a data center in the Atlanta suburb, Bitcoin miner CleanSpark Inc. Joining forces with College Park, Georgia got stuck in law.
But the company, which is seeking a cheaper and greener power supplier, was backed by Georgia Civil Service Commission chairman Tricia Pridemore. After a new agreement, the way for cryptocurrency miners to purchase cleaner power at a discount has been paved.
CleanSpark Chairman of the Board Matt Schultz said, “At the end of the day, Georgia wants this job here. They did everything they could to grow Bitcoin in the state.” said.