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Despite industry headwinds, Bitcoin mining booms in Texas
linkweb3
2023-03-23
3072
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Summary：Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry's growth in Texas, according to a top trade group, citing the rise in the miners' power demands. Bitcoin miners consume about 2,100 megawatts of the state's power supplies, said Lee Bratcher, president of industry group Texas Blockchain Council. Those demands amount to about 3.7% of the state's lowest forecast peak load this year, according to data from grid operator Electric Reliability Co
Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry's growth in Texas, according to a top trade group, citing the rise in the miners' power demands. Bitcoin miners consume about 2,100 megawatts of the state's power supplies, said Lee Bratcher, president of industry group Texas Blockchain Council. Those demands amount to about 3.7% of the state's lowest forecast peak load this year, according to data from grid operator Electric Reliability Council of Texas (ERCOT).
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