Georgia give incentives to crypto miners

[Flow-er]

Crypto Mining is a very important aspect of cryptocurrency. It is process of producing the cryptocurrency through solving complex mathematical equation by the mining machine. It was reported that Georgia is now the hub for cryptocurrency mining because of the incentives it give the crypto miners . We should recall that the US came to rescue during the total crackdown on crypto miners.

We recorded a significant drop in the global hashrate which contributed to the drop on price of cryptocurrencies. The dip lasted for month and hashrate bounce back when the mayor of Miami invited the miners. This was historical move in the history of cryptocurrency. Mining is a very profitable business and so many countries, institutions and individuals are exploring the fortune in cryptocurrency.

The Georgia House filed a bill to exempt taxes from the use of electricity used in commercial mining of cryptocurrencies. This is to encourage the miners and to provide enabling environment for mining. Recall that Georgia use the Nuclear energy to power the mining farm. The incentives given to the miners is an encouraging factor and it further put Georgia at the forefront in cryptocurrency mining.

What do you think about the incentives given to commercial digital assets miners?

 

[crypto333]

This is awesome. It is so good t see small areas like Florida and El Salvador and other areas opening up to crypto and helping people to benefit from this technology.