Bitcoin mining could be great for Texas’s grid — according to Bitcoin miners
Quick Take
- As Bitcoin’s China-based hash rate plummets due to shutdown orders from regulators, Texas is emerging as an attractive option for Bitcoin miners.
- Miners argue that mining is just as good for Texas as Texas is for miners since the unique aspects of the industry’s electricity use can strengthen the state’s power grid.
- It’s possible, but it’s unclear how that will work in practice.
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Author: Aislinn Keely
