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ammu40
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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.