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Find Electricity Plans in Texas: Sign up for free newsletters and get more CNBC delivered to your inbox Legal Community and Civic Bill credits of up to $50 per month Wise Buy 14 Here's how to avoid higher electric bills when prices go up this summer Swap out less efficient incandescent light bulbs for LEDs or CFL bulbs. Administrative Approval Hiring Professional Movers Size matters “Even if electricity was cheaper outside of China, there are other problems,” Chandler Guo, an angel investor in cryptocurrency projects, tells Tech in Asia. Overseas labor tends to be more expensive and most mining machines are manufactured in China, he explains. Bitmain, for instance, is one of the top mining machine companies in the world. Canaan Creative (also known as Avalon), another well-known company in the space, is also Chinese. 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