Crypto mining can benefit Texas energy industry: Comptroller's office

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Crypto mining can benefit Texas energy industry: Comptroller's office
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I smell what you’re steppin’ in. At this rate, Texas has the potential to be the biggest crypto mining paradise.

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Clarifying the general misconception about Bitcoin’s energy usage, the fiscal note highlighted that unlike “manufacturing facilities or industrial chemical plants, which can be expected to be around for decades,” cryptocurrency mining facilities do not place big electrical demands on the grid.

“The difference is that Bitcoin mines can come in so fast and may be gone so fast depending on the price of Bitcoin.”

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Not with the state of that grid

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