Array

Crypto Mining in Texas May Demand 5 Times More Electricity by 2023, ERCOT Predicts

-

Bitcoin mining picking up steam in Texas, US, its grid operator Electric Reliability Council of Texas (ERCOT) has foreseen a five-fold increment in energy loads. In the next two years, by 2023, ERCOT predicts that it would have to produce at least up to 5,000MW more electricity to support crypto mining and data centres. The crypto industry is already consuming up to 1,000MW of electricity in Texas, ERCOT officials have revealed to the media during a recent interaction.

Texas emerged as a Bitcoin mining hub after the Chinese government criminalised all crypto-related activities earlier this year. Excessive power consumption in crypto mining was one of the important reasons why China took the drastic measure.

In February 2021, the electricity board of Texas found itself on the receiving end of criticism for mismanaging power supply, leading to blackouts and no heat for days to sustain the winter. Hundreds of people lost their lives during this time due to lack of heat and shortage of food. Even industries were shut down.

At the time, ERCOT had blamed the on extreme weather conditions, which are expected to grow as an issue owing to the anthropogenic climate change.

Residents of Texas are currently concerned about adding more stress to the already loaded power-grid systems.

As per a research report, cryptocurrency mining hardware is constantly running, hence consuming energy.

Between January 1, 2016, and June 30, 2018, the mining operations for four major cryptocurrencies released up to an estimated 13 million metric tons of carbon dioxide.

In recent times however, several pro-crypto regions are trying to power crypto mining with clean energy resources to decarbonize the process.

For instance, El Salvador is also powering its Bitcoin mining facility using geothermal volcanic energy.

Francis Suarez, the mayor of Miami, has also proposed setting up a Bitcoin-mining facility near a nuclear power plant in Florida. As per a report by Latest News Today, nuclear energy is on the brink of being recognised as a true environmental, social, and corporate governance (ESG) solution in terms of energy.

0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments

Latest news

ChatGPT has become preferred AI Assistant on iPhone.

Popular AI chatbox which Explore cutting-edge research and projects in artificial intelligence. I have been using OpenAI’s ChatGPT for a...

free Netflix subscription for Airtel and Jio Networks prepaid plans

We might be looking for a mobile plan that offers free access to Netflix. Previously, all major telecom networks...

LG Ultra PC 14-Inch, 16-Inch Laptops With AMD Ryzen 5000 Series Processors Launched

The laptops of the LG Ultra PC series include anti-glare IPS panels with minimal bezels. Last week, LG introduced 14-inch...

Samsung Galaxy A23 5G With 6.6-Inch Infinity-V Display, 5,000mAh Battery Launched

Table of ContentsSamsung Galaxy A23 5G price, availability (expected)Samsung Galaxy A23 5G specifications Samsung has not yet revealed the Galaxy...

Latest Updates

Must read

Microsoft’s Surface Duo could start a new smartphone era

Microsoft Surface Duo Microsoft spent five years working on a...

Koo Partners With Telangana Government, To Open Development Centre In Hyderabad

To reach more non-English speakers in the state, Koo...

You might also likeRELATED
Recommended to you

0
Would love your thoughts, please comment.x
()
x