Are Texas Bitcoin Mines Really Raising Electric Rates?
Will Texas Bitcoin Mines Hurt Power Customers? Stripped down cheap computers packed onto racks in warehouses are what powers Texas Bitcoin mines. The problem is that's a lot of electric demand and it might drive up your Texas electricity bills. Texas is known as one of the most business-friendly states in the US. So, when China kicked out cryptocurrency miners in May 2021, they all flocked to Texas. Crypto miners use thousands of stripped down home computers running 24/7 usually in one room. So, they use massive amounts of energy. So many crypto miners operate in Texas that within a few years they will use almost as much power as Houston. Bitcoin is the best known of all cryptocurrencies. Texas Bitcoin mines that draw massive power amounts daily is concerning since ERCOT had trouble meeting demand this summer. However, ERCOT is working with crypto miners to better meet peak demand in the future. Sweet Deal For Texas Bitcoin Mines Crypto mines run 24 hours per day using rooms of ...