The government officials from North Dakota have lured the cryptocurrency miners to the Bitcoin conference Miami 2022 in their green pastures. The officials came with the promise of providing the best and cleanest crypto available on the planet. The Commerce Department of North Dakota dropped US 35000 dollars on their trip, hoping to receive a 20000 percent or more return from their presence at the conference.
The department had also announced that the states had already received a secured investment of 3 billion dollars, and they are attracting more projects worth 3 billion dollars. By giving lucrative opportunities, North Dakota wants to end their reliance on oil and agriculture by inviting the mining companies to set up their infrastructure in the Upper Midwest state. As the state is completely reliant on natural resources, there are no tax breaks and funding.
The place is well known for its dry and cold weather, which will help in cooling the overheated mining rigs. If you also add the mix and cheap electricity, then what you get is the cleanest energy in the world, which is an attractive circumstance for any mining company that is willing to relocate.
Selling Point of North Dakota
Every single year across the whole United States, huge amounts of excessive natural gas are burned off, creating greenhouse gases and wasting energy. But the cryptocurrency mining industry is currently making use of the by-product of the oil industry. This not only helps the environment but, at the same time, the miners are receiving carbon credits that can be utilized later.
Smaller mining companies have already set up their mining facilities in north-central North Dakota, using the leftover natural gas to mine cryptocurrencies.