I just renewed a contract for electricity in Texas. [View all]
It was 25% higher than last year. I’ve also read in this morning’s paper that ERCOT is warning of possible shortages during August for several reasons: hotter temperatures and less wind for windmills.
Meanwhile Bitcoin mining in Texas uses 2,600 MW of electricity . FYI…..
In June 2021, Abbott signed a new law that established a formal legal definition for virtual currency and set clear rules for businesses handling it, which he described as part of a “master plan” to attract crypto firms to the state. The following November, in an interview with the TBC, Abbott declared his intention to turn Texas into the “centerpiece” of the bitcoin industry.
Great! At least when we’re suffering with no A/C in August, we can be reassured that there’s still plenty of Bitcoin.
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