Bitcoin Miners Flock to Texas

Everything is bigger in Texas. Problems with its electric grid and energy demand for bitcoin is no exception.

A new analysis shows that the electric grid is just as vulnerable to crises and blackouts as it was before February’s blackouts just as the state is gearing up to turn into a Bitcoin Capital in a welcome to cryptocurrency operations.

A report published on ERCOT, the organization that operates Texas’s electric grid, has found that extreme weather could still trigger power outages and create problems for the grid.

Bitcoin miners are enthusiastically encouraged to settle in Texas. According to Bloomberg’s reports, the new power demands for crypto mining in Texas could amount to 5,000 megawatts over the next two years.

Experts added that none could tell what impact this activity will have on the electric grid.