Mixed feelings greet news that Texas is the Bitcoin mining capital of the world
From The Watchdog: Electricity usage by Bitcoin miners and the millions in profit they make by shutting down sparks furor.It’s official. Texas is the Bitcoin mining capital not only of the United States, but also of the entire world.About half of all Bitcoin mining in the U.S. is Texas based, and that’s enough to propel Texas to the No. 1 world leader.For some reason, many Texans are not celebrating.
For power shutdowns in September, the company received $2.5 million. Plus, the company earned $11 million in energy credits for future bills.The Colorado-based company makes public disclosures because it’s a publicly traded company. Riot’s biggest plant in Texas is in Rockdale. It’s building another data center in Corsicana.
He says reliable, constant power usage by Bitcoin miners brings stability to the grid, especially during low-demand times of day. I asked Bitdeer about this. A spokesman said, “We are not a Chinese company. Bitdeer is headquartered in Singapore and is a company with global operations. We are a Nasdaq-listed company and are subject to the same regulatory scrutiny as any other listed company.Texas Infrastructure Protection Act
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In Texas, Bitcoin Springs from Gas WellsWhen gas prices go down, producers can use it to mine crypto coins
Read more »
15 Years After the Bitcoin White Paper, Bitcoin Builder Culture FlourishesAubrey Strobel is the host of The Aubservation podcast, and an advisor to Lolli and Trust Machines.
Read more »
Here's how Spirit Halloween stores pop up so quicklyVisit Click2Houston.com for breaking news in Houston, Texas from KPRC. Houston, Texas breaking news, headlines, weather, and sports. The latest local Houston, Texas news and more from NBC TV's local affiliate in Houston, Texas, KPRC - Houston's Channel 2.
Read more »
Stellantis Leapmotor Deal Wins Mixed Reviews As It Seeks EV TractionAs a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.
Read more »
Asia markets poised for mixed session ahead of Bank of Japan decisionAsia-Pacific markets were mixed ahead of a monetary policy decision by the Bank of Japan, and economic data through the region.
Read more »
Asia markets poised for mixed session ahead of Bank of Japan decisionAsia-Pacific markets were mixed ahead of a monetary policy decision by the Bank of Japan, and economic data through the region.
Read more »