Donald Trump

President Donald Trump

<a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">Texas</a>’ power grid needs a massive upgrade to meet soaring demand from AI and Bitcoin mining. ERCOT CEO Pablo Vegas testified before the Texas Senate Business and Commerce Committee, stating that grid capacity must nearly double by the end of the decade. Initially, ERCOT estimated a need for 130,000 megawatts, but now expects 150,000 megawatts. Bitcoin mining and AI <a href="https://ultramining.com/news/en/crypto-miners-shift-gears-ai-is-the-new-gold-rush/" rel="noopener noreferrer nofollow">data centers</a> will drive over half of this increase.&nbsp;
Research from Vrije Universiteit predicts AI's electricity consumption could match Bitcoin’s in a few years.&nbsp; according to <a href="https://www.coindesk.com/policy/2024/06/13/ercot-ceo-texas-power-grid-needs-larger-increase-than-expected-to-handle-ai-bitcoin-mining" rel="noopener noreferrer nofollow">Coindesk</a>.
Political attitudes towards these industries are shifting. State Sen. Jose Menendez criticized mining operations for exploiting low <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">energy costs</a> while Texans face high bills. Lt. Gov. Dan Patrick echoed these concerns, highlighting the minimal job creation relative to the grid's strain. He stressed prioritizing everyday consumers over niche industries.
In 2022, British Columbia imposed an 18-month moratorium on new crypto mining operations due to similar concerns. Despite the growing pushback, former President Donald Trump has voiced strong support for Bitcoin mining. He claims it’s essential for <a href="https://ultramining.com/news/en/senator-lummis-pushes-for-crypto-regulation-amid-sec-lawsuits/" rel="noopener noreferrer nofollow">U.S.</a> energy dominance and criticizes President Biden’s regulatory stance.
Texas’ situation underscores the tension between technological advancement and sustainable energy use. As AI and Bitcoin continue to grow, balancing economic interests with grid stability and environmental impact remains a critical challenge.

ERCOT CEO Warns of Strain on Texas Grid from AI and Bitcoin Mining

Ultramining_Eng

Other articles published on Jun 14, 2024

Chainlink faces challenges as 5thScape gains momentum in the market

Ripple Invokes Terraform Case In New Filing To Slash SEC Penalties

Lil Pump Gets Solana Tattooed On Forehead, Claims He Sold His ‘SOL’

Discover the New Safe 5 Crypto Wallet by Trezor – Now with Exclusive Bitcoin Version

Crypto Forecast: BlockDAG’s June 2024 Presale Surge, Polkadot Downturn, Solana Meme Coin Take Off

Polygon and Ethereum Investment Innovation: Spiko Launches Tokenized Mutual Funds for US Treasury...

Join our free newsletter for daily crypto updates!