Texan Bitcoin mining power demands could jump 5 times by 2023
While the state is eager to become the global hub for Bitcoin mining operations, residents are concerned that the power grid will not be able to handle the load. As the state of Texas faces a rapid influx of Bitcoin mining operations, its electrical infrastructure will have to support the industry’s expected 5,000 megawatts (MW) of additional power demands by 2023.The Bitcoin mining industry in Texas currently consumes around 500 to 1,000 MW of power. The Electric Reliability Council of Texas (ERCOT) anticipates that demand could increase as much as fivefold by 2023 and has planned an....
Related News
Major Bitcoin miners have set up shop in a former aluminium smelting plant in the small Texan town of Rockdale. Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas.Both Bitdeer, a mining firm that spun out from Chinese giant Bitmain, and Riot Blockchain, one of leading publicly traded Bitcoin mining firms in the United States, are operating data centers hosted at a former aluminium smelting facility in the Texan town of Rockdale.The town’s aluminium smelting plant was previously the world’s largest, until the company that ran it, Alcoa, began winding....
A lot of attention has been focused in recent years on the energy and carbon footprint of the internet. The giant server farms that drive the world's web activities need to get their power from somewhere and - as environmental groups frequently point out - that power still tends to come from sources like coal-fired power plants. Compared to the mighty impacts of Google and Facebook, among others, you might think that bitcoin mining creates little more than a blip in global carbon emissions. However, as stats from blockchain.info show, bitcoin mining over a 24-hour period can currently....
We had the opportunity to sit down with Texan HODL and discuss his rabbit hole story and what makes Bitcoin special to him.
An old hydro-power station in the U.S. has started mining bitcoin to make three times as much money as selling the energy.
The executive order spares all the mined assets from taxation and bans mining anonymous currencies. The National Agency of Prospective Projects (NAPP) in the 34-million nation of Uzbekistan enunciated its demands toward the crypto mining operators. It would only allow the companies that use solar energy to mine Bitcoin (BTC) or other cryptocurrencies. The normative act on the government page, dated June 24, prescribes the confirmation of “Guidelines on the registration of the crypto assets mining,” and sets the finalization date on July 9. The second article of the document offers an....