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For Bitcoin Mines in Texas, the Honeymoon Is Over

Wired · 1y

Some residents in Texas are expressing concerns about the negative effects of industrial-scale bitcoin mining on energy prices and the quality of life in nearby communities. In response, the Texas Blockchain Council (TBC) filed a lawsuit against the US government, objecting to a data request that required mining firms in Texas to disclose information about their energy usage. The lawsuit was successful in stopping further data collection, but it has sparked a larger debate about the impact of cryptocurrency mining on the stability of the Texas energy grid and the environment.