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 π₯cryptocurrency mines earning money for agreeing to shut down in emergencies, π₯raking in πmore money for shutting down for brief periods, and leaving Texas residents to foot the billπ
https://theweek.com/in-depth/1022698/how-voracious-bitcoin-mining-is-messing-with-texans