Texas has declared itself open for #Bitcoin #mining,
an energy-intensive endeavor that involves warehouses of powerful computers trying to solve complex mathematical problems to unlock valuable cryptocurrency tokens.
Texas also has an increasingly #strained #power #grid that serves only Texas and keeps failing or threatening to overload during winter storms and summer heatwaves.
This combination of Bitcoin miners' voracious appetite for energy and the finite and capricious quantity of power produced in Texas has led to massive ๐ฅcryptocurrency mines earning money for agreeing to shut down in emergencies, ๐ฅraking in ๐more money for shutting down for brief periods, and leaving Texas residents to foot the bill๐
https://theweek.com/in-depth/1022698/how-voracious-bitcoin-mining-is-messing-with-texans
