Mining rig efficiency calculation
When it comes to mining cryptocurrencies, there are three main aspects to take into account: electricity price, mining hardware, and market conditions.
Resources
Comparison of the electricity prices within the US
In the previous article, we covered the data on global electricity prices. This article will mainly focus on the electricity price differences within the USA. Dated December 2018, released February 2019: https://www.eia.gov/electricity/monthly/archive/february2019.pdf, table 5.6.A Elite Mining Inc is based in Washington state — it is, therefore, important to take a closer look within the USA. … Read more
Comparison of the electricity prices worldwide
Elite Mining Inc currently has an average electricity price of $0.052 kWh, which falls within the top 15 cheapest electricity countries. The USA would be the only Western country in this list if the rate secured by Elite Mining Inc was the average for the whole country.