The best states for bitcoin mining are highlighted on this map.
- Digital coin miners compete in a low-margin business where electricity is generally the only variable expense.
- They are enticed to migrate to the world's cheapest sources of electricity.
- Electricity costs 18 to 19 cents per kilowatt hour in California and Connecticut, which is more than double what it costs in Texas, Wyoming, Washington, and Kentucky, according to the Global Energy Institute.