The Texas Grid v. CryptoCurrency

What’s happening? By the end of 2022, Texas crypto mining may account for 20% of electric use for crypto globally.

Why is this important? As we’ve talked about China banned crypto mining recently, leading to the uptick in places like Texas and Ireland.

How will this be important? Whether Texas power grid can sustain an additional pull of 5000MW annually, about double the size of Austin, is the big question.

Dallas Morning News | Why cryptocurrency miners pose the next big threat to the Texas electric grid