How Texas Is Becoming A Mecca For Bitcoin Miners
Access to unique power sources and friendly regulations are driving bitcoin mining companies to set up shop in Texas.
Author:
May 4, 2021
Access to unique power sources and friendly regulations are driving bitcoin mining companies to set up shop in Texas.
Texas might seem like an unlikely mecca for large scale bitcoin mining operations. Although energy prices in Texas are relatively cheap a big draw for miners the state’s reserve margins are almost nonexistent, as was demonstrated by a recent ice storm that left some homes and businesses without power for up to four days.
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As of this article s publication, more than 333,000 Texas households are without power and more than 100,000 homes in both Mississippi and Louisiana are experiencing.