Industry proponents argue that if Bitcoin mining booms in the state, someone will come and build more power plants. A year after the deadly winter storm, a record amount of solar capacity is planned for Texas. Plus, miners say their ability to quickly roll back when the grid needs power will actually make the system more stable. Bitcoin mining shouldn’t cost consumers much as they look for more sparsely populated areas with adequate electricity, said Lee Bratcher, president of the Texas Blockchain Council, a lobbying group.


This post Crypto Mania in Texas Risks New Charges and Tensions on Shaky Grid was original published at “https://www.bloombergquint.com/business/crypto-mania-in-texas-risks-new-costs-and-strains-on-shaky-grid”

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