Representative Pete Sessions of Texas said simply but firmly that the growth of Bitcoin mining activity could help the nation achieve energy independence.
Texas Republican Congressman Pete Sessions has made a bold point about the influence Bitcoin mining will have on not just his state, but the entire United States.
The Texas representative, proponent of Bitcoin mining, tweeted on March 22 that Bitcoin Mining will play a vital role in establishing US energy independence. Both admirers and detractors reacted negatively to his statement.
Both senators were outspoken in their support for policies that encourage innovation in the crypto industry as a whole, not just among miners. As gas prices in the United States rise due to global tensions, the discussion about how the country could reduce its dependence on foreign energy supplies has intensified.
The sessions view is supported by a growing body of evidence that implies developments in the BTC mining sector could have global implications for industrial energy consumption and production.
As Texas has grown to provide over 14% of the country’s overall Bitcoin hash rate, the stability of the state’s power grid and the environmental effect of miners have come under increasing scrutiny. more thorough, as they have done in other mining hotspots around the world.
Despite these issues, a booming mining sector in Texas has been highlighted by a number of experts as having the potential to reduce the state’s net environmental effect and energy demands on the public grid.
According to a study published in March 2021, flexible data centers could stimulate the use of renewable energy sources. Depending on the state of the grid, a flexible data center generates its own electricity from a tiny dedicated renewable power plant or draws power from the grid.
Texas is now the largest producer of wind energy in the country, according to reports from the US Energy Information Administration (EIA). Therefore, when renewable energy is needed, miners may already have it. Promoting the use of a flexible data center concept by miners could lead to increased accessibility and reliability of renewable energy.
According to the document, by using domestically generated electricity rather than feeding it into the grid, the integrated energy system could make a significant contribution to grid stability.”
Lancium, a software solutions provider, released identical results in October. It has been found that as the mining industry grows and more companies adopt a flexible data center model, energy grid constraints will be avoided while renewable energy resources are developed.
According to the article, researcher Joshua D. Rhodes, as grids integrate more intermittent renewable energy sources, such as wind and solar, flexible demand will become increasingly essential to maintain system stability. of electrical network.
Texas is a major Bitcoin mining region in the United States, with companies like Argo Blockchain , Riot Blockchain , Hive Blockchain and others headquartered there.
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