Texas is building new fossil fuel power plants to meet the energy demand from AI supercomputers and crypto-mining, worsening environmental injustices for Black communities. Last year, Black Texans suffered the most during the state's deadliest summer, facing extreme heat and power grid failures. Despite clean energy being cheaper and more reliable, Texas subsidized $10 billion for new gas plants. Over 75% of these plants are in communities of color, increasing pollution and health risks, according to <a href="https://capitalbnews.org/crypto-mining-natural-gas-black-communities/" rel="noopener noreferrer nofollow">Capitalbnews</a>.
ERCOT, Texas' grid operator, predicts that much of the state's growing power demand will come from <a href="https://ultramining.com/news/en/crypto-miners-shift-gears-ai-is-the-new-gold-rush/" rel="noopener noreferrer nofollow">data centers</a> and crypto-mining operations. These industries consume vast amounts of energy and water, generating significant heat that requires constant cooling. As a result, new power plants are planned in predominantly Black areas, perpetuating environmental racism.
Experts argue that the state is prioritizing business interests over community health. The new power plants are expected to exacerbate existing pollution problems, which already pose a higher risk of death for low-income Black residents. Despite this, companies like Entergy are moving forward with plans to build in vulnerable areas, citing economic growth as justification.
The rapid expansion of crypto-mining in Texas has also increased <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a> costs by $1.8 billion annually, impacting non-mining residents. This has created additional financial burdens for Black communities, who are more likely to invest in cryptocurrencies and borrow money for these investments, often believing the industry is safer than it is.
Activists and experts call for a shift towards renewable energy and better grid management to protect vulnerable populations and address climate change. However, the current trajectory suggests that Black Texans will continue to bear the brunt of the state's energy and environmental policies.

Texas Power Plants Fuel Crypto-Mining Boom, Harm Black Communities

Ultramining_Eng

Άλλα άρθρα που δημοσιεύτηκαν στις 9 Ιουλ 2024

Quick Riches Await: Invest $50 in 5thScape Now for a 3000x Return in Only 2 Months!

Bitcoin ETF Records The Highest Single Day Inflow In Over 3 Weeks, No ETFs Witness Outflows!

Is the ENS Boom Over? Ethereum Name Service (ENS) Sees Downturn in Q2 Registrations

Today in BRICS: Modi strengthens friendship with Putin, Saudi stands up for Russia against US, an...

Whale watch: Impact on BNB as tokens worth $100M see a move

Mining company TeraWulf pays off outstanding debt early

Join our free newsletter for daily crypto updates!