Could Blockchain be Good for Missouri? Mining Crypto in the Springfield Metro.
Large-scale crypto miners need cool temperatures and cheap electricity to operate economically. The Missouri Ozarks are full of caves, and one Ozarks city – Springfield Missouri – has a remarkable, unexpected subterranean network. Could crypto be good for Springfield, MO?
Hi Steemians, I'm @holsturr.
TLDR: The Missouri Ozarks has several caves, and Springfield, Missouri has an extensive underground network that stays at constant cool temperatures throughout the year. Electricity is reasonably priced.
The cool temperatures and inexpensive electricity (with wind and sun for alternative energy sources) could make Springfield and the Ozarks a favorable crypto mining environment.
Cryptocurrency mining is the process of selling computational power to facilitate the operation of cryptographic technologies - usually, coin and token systems like Bitcoin and Ethereum. Miners are rewarded and compensated for facilitating the operation of the coins and tokens.
Computers and specifically-designed crypto mining machines need cool temperatures to operate efficiently and safely. Cheap electricity makes mining operations more economical, and tax considerations round out the major factors crypto miners take into account when deciding where to operate.
Springfield, Missouri has an extensive underground network of waterways, truck lanes, and industrial facilities, in addition to several large caves and old mines in and throughout the area. The consistent cool temperatures, heat-dispersing environment, and protection from storms and other sources of damage make Springfield and Southwest Missouri an interesting potential mining opportunity.
Could Missouri have a future as an economical place to mine crypto?
Cheap electricity is another consideration that makes Southwest Missouri an option for crypto miners, and frequent wind and sun provide opportunities to mitigate the cost of power with green energy sources.
Springfield and the Missouri Ozarks could provide a favorable environment for crypto mining. With cryptocurrency prices on the rise, Missouri may have a future as a favorite area in the United States for crypto mining and transactions.
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