Texas’ love affair with crypto mining appears to be on shaky ground after state lawmakers this week said they were shocked by the increasing amount of demand the state’s notoriously stressed power grid will be shouldering by the end of the decade. Just three years after Texas Gov. Abbott declared Texas would be a leader in crypto, legislators wondered out loud if there was a way to put a halt to more bitcoin mining hookups — at least temporarily. New Braunfels Sen.
CPS prepares for tenfold increase in electricity demand from San Antonio data centers to track their energy use and reduce their supply when it’s needed elsewhere. programming that pays crypto miners for reducing their use during peak-demand periods. “This power that they ‘saved us’ when they really didn’t need to run it.” Industry sounds off Morgenstern was left defending much of the industry. Rather than read his written statement, he opted to use his time to “dispel misconceptions” he heard through the day. “I heard the term or a reference to data centers are good but maybe bitcoin miners aren’t so good,” Morgenstern said.
’s count of large load users, which would include crypto miners, could be inflated. The trade group says an average of 90 megawatts of bitcoin mining is being added each month. Currently, he says there are about 2,900 megawatts of crypto in the state.
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