, have touted cryptocurrency as a solution to Texas’ energy troubles. But Shelley argued that such lawmakers are either being insincere or have been “completely misled by the industry.”
“I think that crypto-miners are preying on anxiety about the grid and ignorance about how the grid works, and making overstatements about their benefit that they know are misrepresentations,” he said."Politicians have either been duped or they are being disingenuous with the people of Texas.”until it recently banned the practice, noted Joshua Partheepan, an associate professor of engineering at West Texas A&M University.
Putting aside cryptocurrency’s negative connotations, the industry could theoretically be good for the power grid if handled properly, he said. We’ll have to hope that they’ll do what they promised to do during times of extreme strain: shut down. Partheepan said he knows of a crypto unit that consumes around 700 megawatts of electricity, which can power roughly half of Amarillo’s population.
If cryptocurrency’s value is high, it makes sense to consume electricity to mine coins, he added. But its worth has dropped in recent days, with“When it reaches that threshold, they’re going to turn off their computers until it comes back in value,” Partheepan said. “So, it’s a very volatile market, per se.”, it has been defined as the free, independent voice of Dallas, and we'd like to keep it that way.
Texas would LOVE to become a narco state! Money, money, money. If the commoners have to suffer a bit, it’s a small price to pay.
Uh...nope from this texan.
Survey says incorrect
LOL no.
*gets out spray bottle* No!
It is not just the grid. It is not welcome.
My U.S. Rep says all that drain is good for the grid, actually:
No
Of course this take would come from a Dallas outfit. No, Texas doesn’t welcome this.
No we don’t
typical Texas politicians. Claim you're the best state for all sort of business with 0 infrastructure to support it.
Actually no, we don’t.