Texas Bitcoin miners face scrutiny from lawmakers

10/12 19:39

US lawmakers are seeking information from the Texas Electric Reliability Council, an organization that operates the Lone Star State's power grid, about the amount of electricity consumed by the mining industry over the past six years. According to data provided in the lawmakers' letter, seven companies alone consume enough electricity to power 830,000 homes across the city. Massachusetts Senator Elizabeth Warren described Texas as an unregulated safe haven, claiming that the influx of mining companies poses a threat to the state's energy market and has strained the power grid. The letter argues that Texas taxpayers should not be subsidising the profits of mining companies. warren also says that subsidies for bitcoin miners will also exacerbate the climate crisis.
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