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[ammu40]

Texas is experiencing a surge in Bitcoin mining despite concerns over bankruptcies and electricity consumption. The Texas Blockchain Council reported that Bitcoin miners consumed 2,100 megawatts of the state's power supplies, a 75% increase from last year. However, the demands only represent 3.7% of the state's lowest forecast peak load this year. The state's wind and solar power continue to attract miners, as some counties offer tax incentives. Despite the growth, Texas faces concerns over the grid's ability to handle the expanding crypto demand.

 

[Gen Evie]

Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry's growth in Texas,But in Texas, some counties have offered tax incentives and miners continue to be drawn to its wind and solar power, which could supply about 39% of ERCOT's energy needs in 2023.

 

[ammu40]

Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry's growth in Texas,But in Texas, some counties have offered tax incentives and miners continue to be drawn to its wind and solar power, which could supply about 39% of ERCOT's energy needs in 2023.

Yes, yes, it seems that despite concerns over power consumption and bankruptcies in the industry, Texas continues to be an attractive location for cryptocurrency mining due to tax incentives and availability of renewable energy sources like wind and solar power. Not a bad news at all.

 

[Riberet19]

The fact is that many miners seem to be going for renewable energy and Texas seems to be a perfect county for this as well as offering aid to miners for this, although if this continues to increase it is true that the electrical grid may not be able to support such a load, although I think that solutions could be found if the county of Texas really cares that these miners are still active.

 

[Lens_]

The traction gained by cryptocurrency in the world has increased tremendously and that is why it is important to take note of this niche so that you can take advantage of it and make quick income for yourself.

 

[Gamer01]

When the rates of electricity are favourable the miners will keep coming in no matter what they want business and that they can only do from their mining activity the authorities have to take care of the rest like providing energy for even miners so that they can run their operations smoothly and remain satisfied indeed .