Texas to Become Bitcoin Capital

Texas is home of the most vulnerable power grid across the United States. The state is preparing to be hit by a surge in demand for electricity that’s twice as much as the size of Austin’s.

An army of cryptocurrency miners opted to head to Texas state to utilize cheap power and loose regulation. Forecasts indicate surging demand as much as 5,000 megawatts over the next two years.

A kind of crypto migration to Texas has been accumulating for several months, but the massive volume of power those miners will need is now becoming clearer.

Local newspapers say estimates amount to twice as much as what has been consumed in the capital city of almost 1 million residents in 2020.