In a letter Wednesday addressed to Pablo Vegas, the CEO of the Electric Reliability Council of Texas (ERCOT), the group expressed concerns that bitcoin mining’s enormous demand for energy in Texas is straining the state’s grid, adversely impacting consumers and U.S. climate goals. ERCOT manages the Texas electricity grid, which operates independently from the rest of the country.
Related posts
-
Bitcoin ETFs ended six-week inflow streak over macro jitters and BTC slump
Spot Bitcoin ETFs saw a notable shift in investor sentiment last week, as uncertainty surrounding Donald... -
Ross Ulbricht 300 Bitcoin payday unlikely ‘self donation’
Ross Ulbricht’s recent receipt of 300 Bitcoin is from “questionable sources,” but it’s unlikely to be... -
Bitcoin exchange reserves hit an all-time low
Bitcoin’s supply on exchanges has fallen to its lowest level, raising expectations for a potential spike...