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{"id":10023,"date":"2022-07-15T14:49:43","date_gmt":"2022-07-15T14:49:43","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/07\/15\/texas-fragile-grid-isnt-ready-for-crypto-minings-explosive-growth\/"},"modified":"2022-07-15T14:49:45","modified_gmt":"2022-07-15T14:49:45","slug":"texas-fragile-grid-isnt-ready-for-crypto-minings-explosive-growth","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/07\/15\/texas-fragile-grid-isnt-ready-for-crypto-minings-explosive-growth\/","title":{"rendered":"Texas\u2019 fragile grid isn\u2019t ready for crypto mining\u2019s explosive growth"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/7\/14\/23206795\/bitcoin-crypto-mining-electricity-texas-grid-energy-bills-emissions<\/a>
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Even though energy-hungry Bitcoin mining companies have volunteered to power down<\/a> in Texas this week to alleviate the stress placed on the grid by a searing heatwave, the industry could still trigger more problems down the line if it continues its explosive expansion in the state.<\/p>\n

Higher electricity bills and even more carbon dioxide emissions could be on the way for Texans, despite crypto mining industry claims that it can spur the growth of affordable renewable energy. The problem is the Bitcoin network\u2019s enormous demand for electricity, which is spiking faster than the grid can reasonably keep up with.<\/p>\n

Texas\u2019 energy system is already bracing for the Bitcoin mining industry to keep growing at breakneck speed. The amount of electrical load crypto miners are expected to add to the Texas grid over <\/strong>just the next four years represents nearly a <\/strong>third of the grid\u2019s current maximum capacity. Crypto mining is set to increase demand on the grid by a whopping 27 gigawatts by 2026, a spokesperson for the Electric Reliability Council of Texas (ERCOT) told The Verge<\/em> in an email. ERCOT is the main grid operator in the state, in charge of managing its power supply. The spokesperson, replying from ERCOT\u2019s media relations email, refused to provide their name. <\/p>\n

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