Bitcoin

As Bitcoin mining continues to expand in Texas, concerns are growing about the potential impact on the state's power grid. Texas is home to 10 of the 34 largest Bitcoin mines globally, and these facilities consume enormous amounts of electricity.
Currently, Texas Bitcoin miners draw up to 2,600 megawatts of power, equivalent to the consumption of an entire city like Austin. With mining activity expected to nearly double by 2030, experts warn that this could strain the grid, particularly during extreme weather events. The state government is facing pressure to regulate the industry more tightly to prevent disruptions to the power supply. Meanwhile, the mining boom has driven up energy prices for consumers and increased air and noise pollution in affected areas, adding to the controversy surrounding the industry's rapid growth.
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Texas Bitcoin Mining Boom Raises Concerns Over Power Grid Stability

Ultramining_Eng

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