Since the hype of bitcoin, bitcoin mining has become popular as well.
Not long ago, this popularly known as cowboy state in the US, Texas, became a bitcoin mining hub. It was reported that, approximately, hundreds or could be thousands of bitcoin mining equipment were sent to Texas from China. Interestingly, a lot of politicians from Texas are also pro-Bitcoin. This is a great factor in how Texas became a mining hub.
However, there are some who are critics as well, blaming the frequent power outages happening in Texas were caused by the large amounts of power required in Bitcoin mining. The mining process takes a lot of energy for calculation. But some experts say that the transfer of bitcoin mining facilities to Texas could help determine whether bitcoin mining is good, or bad for the economy. Bitcoin supporters are convinced that bitcoin mining will help control energy. However, critics say it will consume more energy than it provides and control. But the supporters have a lot of ideas in mind to really make bitcoin mining work for Texas, especially when dealing with this electricity issue. They started to build solar panels to help out conserve some energy. They took advantage of the windmills they have as well.
Many have believed that Bitcoin mining is a great pack for sustainable energy.
The exposure of bitcoin mining in Texas has been wedded with the rising up of sustainable energy projects and programs In Texas. A mutual relationship has been formed between the crypto mining industry and the energy industry as both are working together to conserve more energy without affecting each other’s line of work. New sustainable sources surfaced online giving more venue for mining projects. But just like in the movies where the antagonist counters the protagonist, many are still skeptical about bitcoin mining. They still question if the mining projects can really sustain for a long time.
Just a few months ago, a proposed bill in Texas limiting the benefits of bitcoin miners just passed the committee vote. This was a great challenge for the Bitcoin supporters. In the meantime, it stopped there. But there is a possibility that it will be revisited in the future. But some neighboring states of Texas are also now starting to explore Bitcoin mining projects or programs to protect it. A few of these states are Arkansas and Montana, which were reported to have passed bills to protect mining activities.
As the discussions are still happening here and there, no one knows yet if bitcoin mining can really sustain energy in the future.