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17 Jul 2021

Bitcoin mining could be great for Texas’s grid — according to Bitcoin miners

Quick Take

  • As Bitcoin’s China-based hash rate plummets due to shutdown orders from regulators, Texas is emerging as an attractive option for Bitcoin miners.
  • Miners argue that mining is just as good for Texas as Texas is for miners since the unique aspects of the industry’s electricity use can strengthen the state’s power grid.
  • It’s possible, but it’s unclear how that will work in practice.

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