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zest Hits New High of 0.180202 USDT, Up 14.78% in 24H

【zest soared to 0.186237 USDT, a new high with a 24-hour increase of 14.78%. It currently trades at 0.180202 USDT on HTX.】zest Hits New High of 0.180202 USDT, Up 14.78% in 24H

zest soared to 0.186237 USDT, a new high with a 24-hour increase of 14.78%. It currently trades at 0.180202 USDT on HTX.

bill Surges 21.90% in 24H, Currently at 0.116971 USDT

【bill currently trades at 0.116971 USDT, up 21.90% in 24h, according to HTX market data.】bill Surges 21.90% in 24H, Currently at 0.116971 USDT

bill currently trades at 0.116971 USDT, up 21.90% in 24h, according to HTX market data.

genius Surges 10.72% in 24H, Currently at 0.7252 USDT

【genius currently trades at 0.7252 USDT, up 10.72% in 24h, according to HTX market data.】genius Surges 10.72% in 24H, Currently at 0.7252 USDT

genius currently trades at 0.7252 USDT, up 10.72% in 24h, according to HTX market data.

genius Hits New High of 0.7125 USDT, Up 7.63% in 24H

【genius soared to 0.8271 USDT, a new high with a 24-hour increase of 7.63%. It currently trades at 0.7125 USDT on HTX.】genius Hits New High of 0.7125 USDT, Up 7.63% in 24H

genius soared to 0.8271 USDT, a new high with a 24-hour increase of 7.63%. It currently trades at 0.7125 USDT on HTX.

bill Hits New High of 0.10894 USDT, Up 15.61% in 24H

【bill soared to 0.109703 USDT, a new high with a 24-hour increase of 15.61%. It currently trades at 0.10894 USDT on HTX.】bill Hits New High of 0.10894 USDT, Up 15.61% in 24H

bill soared to 0.109703 USDT, a new high with a 24-hour increase of 15.61%. It currently trades at 0.10894 USDT on HTX.

zest Surges 11.29% in 24H, Currently at 0.17347 USDT

【zest currently trades at 0.17347 USDT, up 11.29% in 24h, according to HTX market data.】zest Surges 11.29% in 24H, Currently at 0.17347 USDT

zest currently trades at 0.17347 USDT, up 11.29% in 24h, according to HTX market data.

bill Surges 15.61% in 24H, Currently at 0.10894 USDT

【bill currently trades at 0.10894 USDT, up 15.61% in 24h, according to HTX market data.】bill Surges 15.61% in 24H, Currently at 0.10894 USDT

bill currently trades at 0.10894 USDT, up 15.61% in 24h, according to HTX market data.

zest Surges 20.27% in 24H, Currently at 0.183708 USDT

【zest currently trades at 0.183708 USDT, up 20.27% in 24h, according to HTX market data.】zest Surges 20.27% in 24H, Currently at 0.183708 USDT

zest currently trades at 0.183708 USDT, up 20.27% in 24h, according to HTX market data.

zest Hits New High of 0.180313 USDT, Up 9.68% in 24H

【zest soared to 0.180732 USDT, a new high with a 24-hour increase of 9.68%. It currently trades at 0.180313 USDT on HTX.】zest Hits New High of 0.180313 USDT, Up 9.68% in 24H

zest soared to 0.180732 USDT, a new high with a 24-hour increase of 9.68%. It currently trades at 0.180313 USDT on HTX.

According to Bloomberg, the digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear will be a wasteland of unfinished sites and abandoned equipment. In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap power and favorable regulations, prompting many to take out billions in loans to buy pricey machines and build out infrastructure. However, soaring energy costs, a sharp decline in Bitcoin prices and more competition have compressed profit margins and made it difficult for miners to repay debt. Some are on the verge of bankruptcy. Texas has about 1.5 gigawatts of crypto mining capacity, mainly Bitcoin, operating with about 37 gigawatts vying to connect to the state grid as of Oct. 20, according to the most recent data available from the Electric Reliability Council of Texas. That queue has more than doubled in six months. While the queue indicates growing power demand from miners earlier this year, the amount may be inflated. Power brokers and mining companies could have filed multiple applications for the same mining site as those applications do not require deposits.

Detail

【Bloomberg: Texas’s crypto mining boom is starting to look more like a bust】According to Bloomberg, the digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear will be a wasteland of unfinished sites and abandoned equipment. In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap power and favorable regulations, prompting many to take out billions in loans to buy pricey machines and build out infrastructure. However, soaring energy costs, a sharp decline in Bitcoin prices and more competition have compressed profit margins and made it difficult for miners to repay debt. Some are on the verge of bankruptcy. Texas has about 1.5 gigawatts of crypto mining capacity, mainly Bitcoin, operating with about 37 gigawatts vying to connect to the state grid as of Oct. 20, according to the most recent data available from the Electric Reliability Council of Texas. That queue has more than doubled in six months. While the queue indicates growing power demand from miners earlier this year, the amount may be inflated. Power brokers and mining companies could have filed multiple applications for the same mining site as those applications do not require deposits.

Bloomberg: Texas’s crypto mining boom is starting to look more like a bust

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Bloomberg: Texas’s crypto mining boom is starting to look more like a bust

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