Today news
About the same in other media
Texan Bitcoin mining power demands could jump 5 times by 2023
Reading now: 532
As the state of Texas faces a rapid influx of Bitcoin mining operations, its electrical infrastructure will have to support the industry’s expected 5,000 megawatts (MW) of additional power demands by 2023.
The Bitcoin mining industry in Texas currently consumes around 500 to 1,000 MW of power. The Electric Reliability Council of Texas (ERCOT) anticipates that demand could increase as much as fivefold by 2023 and has planned an additional 3,000 to 5,000 MW according to reports.
This expansion comes as the Lone star state plans to become the home to 20% of the world’s Bitcoin mining operations. Texas emerged as the go-to destination for Bitcoin miners ever since the Chinese government officially banned Bitcoin mining earlier this year.
The
Read more on cointelegraph.comAbout this in other media
Chinese Crypto Mining Crackdown Turns Focus to PC Rooms and ‘Home Miners’ cryptonews.com /2 years ago
Report explores discrepancies in different Bitcoin mining companies’ performances ambcrypto.com /2 years ago
Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
