Fortune’s Latest Report shows that Georgia is emerging as the preferred destination for miners. The report, citing data from Foundry USA, a cryptocurrency company that also runs the world’s largest mining pool, showed that Georgia used more than 34% of the total percentage of the pool’s computing power as of January 31. Which is almost double from the third quarter of last year.
Reports suggest that Georgia has attracted miners because of its low electricity prices and the availability of large amounts of nuclear and solar power. Even so, for some time now, many experts have been calling cryptocurrency mining bad for the environment, and cheap and clean energy will give mining companies a chance to project their image as a sustainable or emission-free brand to regulators.
Even the regulators in Geogia have not bound the miners to the laws. He has directed miners in the state to a special solar program, which gives companies the opportunity to convert their emissions into renewable energy credits. Perhaps this is the reason why Bitmain Technologies Ltd. announced in September that the company was bringing 56,000 more miners to the state.<!–