• Latest
  • Trending

Bitcoin Mining In Texas Remains Undeterred Amid Concerns Over Power Consumption

March 24, 2023

Will Ethereum create a clear coast for DeFi, GameFi?

June 4, 2023

Bitcoin Miners Earned $916.6 Million in May, Marking a 13.7% Monthly Increase

June 4, 2023

Bitcoin and Ethereum succumb to TradFi – What now?

June 3, 2023

Positive Net Profit Amid Current Market Conditions

June 3, 2023

Are Ethereum whales selling their holdings?

June 2, 2023

Cathedra Announces A Partnership With 360 Mining To Promote Bitcoin Mining

June 3, 2023

Death of ‘Anti-Mining’ Bill Means Texas Miners Can Keep Raking in Energy Credits

June 2, 2023

Marathon Digital Records Positive Bitcoin Production In May, Increases 77% In a Month

June 2, 2023

Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining’s Texas Site

June 2, 2023

Russian Crypto Miners Set To Mint $700 Million Worth Of Cryptocurrencies In 2022

June 2, 2023

Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport

June 2, 2023

LSD Tokens Rally As Ethereum Staking Ramps Up, Here Are The Leaders

June 2, 2023
Retail
Sunday, June 4, 2023
  • Home
  • Learn About Crypto

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Bitcoin

    Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

    Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

    Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

    California Approves Major Bitcoin Regulation As BTC Looks At $28K

    Bitcoin Mining Made Easier, Could This Be A Game Changer

    Funding Rates Return To Neutral Following Bitcoin Relief Rally

    Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

    Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

    Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

  • Ethereum

    Will Ethereum create a clear coast for DeFi, GameFi?

    Bitcoin and Ethereum succumb to TradFi – What now?

    Are Ethereum whales selling their holdings?

    LSD Tokens Rally As Ethereum Staking Ramps Up, Here Are The Leaders

    How Ethereum’s falling gas fees affect the network

    Ethereum’s price divergence means this for DeFi blue-chip tokens

    Ethereum Fees Plunge 69% Following A Yearly High In May, What This Means For ETH

    June could be ETH’s time to shine through and this is why…

    Did The US SEC Just Endorse Ethereum After This Settlement?

  • NFT

    What Is Azra Games’ Approach To NFTs In Gaming?

    Fungible Token Marketplace NFTrade Offers Easy Way To Pay For Items On Multiple Networks

    Square Enix Resolves to Continue with Web3, Blockchain Gaming Drive

    Elon Musk Meme Tweet Causes Milady NFT Price To Almost Double

    Binance NFT Marketplace Expands Offerings, Welcomes Bitcoin NFTs

    Brazilian Chess Competition to Hand Winners NFTs

    First NFT Insider-Trading Trial Results in Guilty Verdict for Ex-Opensea Manager

    Paradigm and Blur Developers Announce Blend, a P2P NFT Lending Protocol – How Does it Work?

    Art Auction Giant Sotheby’s Unveils On-Chain NFT Secondary Marketplace

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    Bitcoin Miners Earned $916.6 Million in May, Marking a 13.7% Monthly Increase

    Positive Net Profit Amid Current Market Conditions

    Cathedra Announces A Partnership With 360 Mining To Promote Bitcoin Mining

    Death of ‘Anti-Mining’ Bill Means Texas Miners Can Keep Raking in Energy Credits

    Marathon Digital Records Positive Bitcoin Production In May, Increases 77% In a Month

    Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining’s Texas Site

    Russian Crypto Miners Set To Mint $700 Million Worth Of Cryptocurrencies In 2022

    Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport

    Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

Bitcoin Mining In Texas Remains Undeterred Amid Concerns Over Power Consumption

March 24, 2023
in Mining
0 0
0


Mining

en.ethereumworldnews.com

2 h

  

Studying time: ~2 m


  • Texas’ Bitcoin mining business has proven progress amid turmoil within the crypto business and considerations over energy consumption.
  • Energy consumption of Bitcoin miners within the state has risen 75% over the previous 12 months.
  • Some counties within the state of Texas have supplied tax incentives together with wind and photo voltaic vitality to miners.
  • A Texas lawmaker not too long ago launched laws to guard miners working within the state.

The ripples from the turmoil within the broader crypto business appear to have missed the bitcoin mining business of Texas. The expansion within the energy calls for from the mining sector signifies that the bitcoin miners of the Lone Star State stay undeterred amid rising considerations over electrical energy consumption.

Energy consumption from Bitcoin Mining rose 75% final 12 months

In accordance with a report from Reuters, bitcoin miners in Texas eat roughly 2100 megawatts of the state’s energy provide. Lee Bratcher, the President of the Texas Blockchain Council, revealed that energy utilization rose 75% over the past 12 months. Bratcher added that the newest energy utilization metric was nearly triple that of the prior 12 months. Information gathered by grid operator Electrical Reliability Council of Texas (ERCOT), discovered that the Texas bitcoin mining business’s energy demand accounts for almost 3.7% of the state’s lowest forecast peak load this 12 months.

YOU MAY ALSO LIKE

Bitcoin Miners Earned $916.6 Million in May, Marking a 13.7% Monthly Increase

Positive Net Profit Amid Current Market Conditions

The rising energy consumption by bitcoin miners has turn into a priority for the state the place over 240 folks misplaced their lives after a winter storm brought about outages within the state’s energy grid in 2021. The prospect of extra electrical energy being allotted to the power-hungry mining gear has raised fairly a number of eyebrows.

There are a whole lot of Bitcoin mines which might be attempting to connect with the system. If all of them have been to attach within the timelines that they want to join, then it in all probability would current a difficulty to the grid as a result of that load could be rising approach quicker than it ever has earlier than.”

Joshua Rhodes, analysis scientist, College of Texas at Austin.

Regardless of the considerations surrounding bitcoin mining and its energy consumption, a number of counties within the state of Texas have welcomed this sector by providing tax incentives and permission to attract energy from wind and photo voltaic vitality. Earlier this week, Cody Harris, who represents Texas’ eighth Congressional district, launched a invoice that sought to acknowledge the fitting to mine Bitcoin within the state.


Source link

Tags: BitcoinconcernsConsumptionMiningPowerRemainsTexasundeterred
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Will Ethereum create a clear coast for DeFi, GameFi?

June 4, 2023

Bitcoin Miners Earned $916.6 Million in May, Marking a 13.7% Monthly Increase

June 4, 2023

Bitcoin and Ethereum succumb to TradFi – What now?

June 3, 2023

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Will Ethereum create a clear coast for DeFi, GameFi?
  • Bitcoin Miners Earned $916.6 Million in May, Marking a 13.7% Monthly Increase
  • Bitcoin and Ethereum succumb to TradFi – What now?

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%