xkjtalzelvc
@xkjtalzelvc
The investment return outlook for cryptocurrency mining is increasingly pressured by rising energy costs and regulatory scrutiny. Bitcoin mining’s energy demand, comparable to entire countries like Sweden, strains local grids, leading to proposed U.S. Energy Information Administration (EIA) reporting requirements. In 2024, U.S. miners faced $1 billion in additional electricity costs for residents due to grid pressure. Regions like Texas and Tennessee report crypto mines consuming 10% of local utility sales, raising concerns about rate hikes and grid instability during peak demand. Regulatory moves, such as Kentucky’s denial of discounted rates for miners, signal tighter controls. Despite this, miners in low-cost regions like Asia achieve ROIs of 100–150 days for Bitcoin. Long-term returns depend on navigating regulations and securing cheap energy, with profitability favoring large-scale operations over individual miners.
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waltrudashape
@waltrudashape
😄 🙃 😇
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