Despite industry headwinds, Bitcoin mining booms in Texas
By Evan Garcia and Dan Fastenberg MCCAMEY, Texas (Reuters) – Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry’s growth in Texas, according to a top trade group, citing the rise in the miners’ power demands. Bitcoin miners consume about 2,100 megawatts of the state’s power supplies, said Lee Bratcher, president of industry group Texas Blockchain Council. That power usage rose 75% last year and […]