How crypto donations are helping victims of the Texas winter storm
"We intend to accept donations via cryptocurrency essentially forever," said the Austin Disaster Relief Network's chief financial officer. There is a running gag among many Texans that anytime someone drops a cup filled with ice, it’s enough of a reason to cancel school — major winter storms are so rare that authorities don’t often have the means to clear and salt icy streets. However, what happened last month in the Lone Star State was no joke. Millions of people experienced a week-long storm with sub-zero temperatures, many impassable streets, burst water pipes, and days without power.....
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A rare winter storm in Texas has knocked out most of the bitcoin mining facilities in the Lone Star State.
Major Texas crypto miners adopt a proactive approach and close down 99% of their mining operations to fear an expected Arctic blast. A massive winter storm with heavy snow, rains, and flash flooding with thundered storms can damage the power grids of state areas. The crypto miners enjoy low-cost power energy in the state, reducing […]
"We are taking proactive measures to shut down operations, shed load and create additional capacity in response to ERCOT's needs should it be necessary,” said the Texas Blockchain Council on behalf of mining firms. With Winter Storm Landon expected to hit parts of Texas this week, major crypto mining firms are powering down in anticipation of high demands on the state’s power grid.Speaking to Cointelegraph on Wednesday, Riot Blockchain’s communications director Trystine Payfer said that the company’s data center in Rockdale already had “99% of [its] power currently shut off” since....
Bitcoin and politics. You'd think the two didn't mix, but for politicians looking to win an election, it's just another way to bring in the funding. Texas Attorney General Greg Abbott will be accepting bitcoin for his run for Texas Governor, his campaign has announced. "I am excited to see our campaign add another tool to our cutting digital outreach, which is allowing us to reach more Texans than any previous campaign in the state," said Abbott in a statement. "The spirit of Bitcoin embodies the free market principles that make Texas a leader in innovation and entrepreneurship," he added.....
The Libertarian Party of Texas announced Friday that they're bracing bitcoin by accepting donations. The announcement comes at the start of the Party's State Convention, taking place between April 11 through 13 in Temple, Texas. "Accepting Bitcoin offers our members and donors another option when it comes to financial contributions to the Libertarian Party of Texas," said Patrick Dixon, Chair at the Party. "I am very proud that our party is the first in Texas to accept Bitcoin." The move isn't entirely surprising. Many libertarians like the concept of digital currency like bitcoin, which....