A group of seven Democratic lawmakers, led by Senator Elizabeth Warren, is investigating the energy use of the Bitcoin (BTC) mining industry in Texas.
A group led by Senator Elizabeth Warren is investigating the energy use of the Bitcoin mining industry in Texas, as well as its impact on the local grid. In the light of the data obtained by the research group, on Wednesday, October 12, Pablo Vegas, CEO of the Texas Electrical Reliability Council (ERCOT)A research letter was sent to . In the research letter, the enormous energy demand in Texas is straining the state grid, pushing consumers and negatively impacting US climate targets concerns were expressed.
Crypto mining adds significant extra demand to an already unreliable energy grid and is contributing to the global climate crisis.
It is also stated in the report in question that the anomalies on the climate have a significant impact on the miners. Happening this summer due to heat waves About 1 GW of mining power is known to be shut down across the state.
A similar situation arises with Bitcoin mining. Iranian happened throughout. It was reported that mining activities were repeatedly stopped by the state in times of intense electricity use and in the months of increased heat.
Last year Chinese Net bans against Bitcoin miners by the U.S. led to the relocation of miners to areas such as Texas. According to the local industry association and lobby group Texas Blockchain Council (TBC), there are currently about 1.5 GigaWatts (GW) has crypto mining and 2023to connect to the network until the end of 5 GW more waiting in line.
ERCOT states that the demand from miners is increasing rapidly, while miners How can it be integrated into the network? He stated that they are trying to understand in detail and therefore slow down the application approvals.