These two articles go hand in hand to make sense. I didn’t know Texas was tops in Crypto Mining? Well, it’s playing havoc on ERCOT as it requires tremendous amounts of energy to run AND too keep computers cool.
www.dallasobserver.com
“But as the blockchain has grown, the computational power required to maintain it has increased. (By a lot: In October 2019, it required 12 trillion times more computing power to mine one bitcoin than it did when the first first blocks were mined in January 2009.) As a result, amateur bitcoin mining is unlikely to be profitable for hobbyists these days..”
As ERCOT Pushes Energy Conservation, Some Fear Crypto Biz Could Tank Texas' Faulty Power Grid
As some fear Texas' power grid could fail amid summer heat, cryptocurrency businesses continue to move here in droves.
“But as the blockchain has grown, the computational power required to maintain it has increased. (By a lot: In October 2019, it required 12 trillion times more computing power to mine one bitcoin than it did when the first first blocks were mined in January 2009.) As a result, amateur bitcoin mining is unlikely to be profitable for hobbyists these days..”
