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Dubai News Club > Tech > Texas’ fragile grid isn’t ready for crypto mining’s explosive growth
Tech

Texas’ fragile grid isn’t ready for crypto mining’s explosive growth

Press Room
Last updated: 2022/07/14
Press Room
Published: July 14, 2022
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Even though energy-hungry Bitcoin mining companies have volunteered to power down in Texas this week to alleviate the stress placed on the grid by a searing heatwave, the industry could still trigger more problems down the line if it continues its explosive expansion in the state.

Higher electricity bills and even more carbon dioxide emissions could be on the way for Texans, despite crypto mining industry claims that it can spur the growth of affordable renewable energy. The problem is…

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