Texas about to stuff up its power grid for cryptocurrency miners

Stefan Mileschin · 23rd November 2021, 07:33

At this rate the Mexicans will not want it back

Texas, which has one of the most dodgy power grids in the US, is about to be hit by a surge in demand for electricity that's twice the size of Austin's as part of local government policy.

An army of cryptocurrency miners heading to the state for its cheap power and laissez-faire regulation is forecast to send demand soaring by as much as 5,000 megawatts over the next two years.

The crypto migration to Texas has been building for months, but the sheer volume of power those miners will need -- two times more than the capital city of almost one million people consumed in all of 2020 -- is only now becoming clear.

The boom comes as the electrical system is already under strain from an expanding population and robust economy. The state's grid has proven to be lethally unreliable. Catastrophic blackouts in February plunged millions into darkness for days, and, ultimately, led to at least 210 deaths.

https://fudzilla.com/news/memory-and...urrency-miners

23rd November 2021, 07:33	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,812	Texas about to stuff up its power grid for cryptocurrency miners At this rate the Mexicans will not want it back Texas, which has one of the most dodgy power grids in the US, is about to be hit by a surge in demand for electricity that's twice the size of Austin's as part of local government policy. An army of cryptocurrency miners heading to the state for its cheap power and laissez-faire regulation is forecast to send demand soaring by as much as 5,000 megawatts over the next two years. The crypto migration to Texas has been building for months, but the sheer volume of power those miners will need -- two times more than the capital city of almost one million people consumed in all of 2020 -- is only now becoming clear. The boom comes as the electrical system is already under strain from an expanding population and robust economy. The state's grid has proven to be lethally unreliable. Catastrophic blackouts in February plunged millions into darkness for days, and, ultimately, led to at least 210 deaths. https://fudzilla.com/news/memory-and...urrency-miners

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