Research Explains Bitcoin Mining Could Be Helpful For US Energy Independence
29 Marzo 2022 - 11:15AM
NEWSBTC
Pete Sessions, Texas rep, stated clearly that the growth of the
Bitcoin mining sector could expand energy independence in the US.
US Congressman Peter Sessions has graced the public with an
audacious statement on Bitcoin mining in the country. Pete suggests
that Bitcoin mining will significantly impact the United States’
power independence in his commentary. In a tweet, the Texan rep, a
Bitcoin mining supporter, took to the public on Tuesday, announcing
that Bitcoin mining plays a vital role in redeveloping the United
States’ energy independence. His statement attracted tons of
reactions from both critics and proponents. Related Reading
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About Bitcoin Mining Among the proponents was Senator Cynthia
Lummis of Wyoming, who retweeted the post and commented on the
tweet with a brief “Indeed.” Both Lawmakers Have Commented An
Innovation Of The Crypto Industry Both Statespersons have been
outward supporters of policies that promote further development in
the crypto sector.. Currently, United States residents struggle
with exorbitant gas prices because of global tensions. Thus,
debates have been spurring about how the United States can minimize
its reliance on external energy providers. Impact Of Texas Bitcoin
Mining On The Economy Session’s perspective highpoints an
increasing volume of research that suggests the developments from
the Bitcoin mining sector could impact industrial energy production
and consumption on a global scale. Presently, Texas has arisen to
contribute more than 14% of the US’s total Bitcoin hash rate. The
Texas electrical grid’s stability and the impact of miners on the
environment have emerged at the frontline of the increasing
criticism. This is happening just similarly to other crypto mining
hubs across the world. Regardless of these concerns, several
researchers have projected that Texas’s increasing Bitcoin mining
industry could minimize its net energy demands and environmental
impact on the mainstream energy grid. In March 2021, a research
paper outlined how versatile data centers could endorse renewable
energy resources. A flexible data center produces its power either
from a smaller specific renewable power plant or receives energy
from the grid, depending on the power grid’s present state. United
States EIA’s Data Data from the United States EIA (Energy
Information Administration), Texas emerged as the country’s top
wind power generator. Thus, crypto miners may already have the
renewable energy they require. Transferring the crypto miners to
use the flexible data center structure could rally expansion in
renewable energy reliability and accessibility. Related Reading
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Gains Software innovations company Lancium released similar
research in October 2021. It concluded that the growth of the
crypto mining industry and the increase in flexible data
implementation. It would inhibit energy grid shortages while
simultaneously increasing the development of renewable energy
resources. Featured image from Pexels, chart from TradingView.com
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