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This ‘unbelievable’ factor could change Bitcoin mining in Texas
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For months, the crypto sector has been tracking regulatory movements in both China and America as though following a match. However, it seems the eyes of crypto watchers are settling on the West. Why? According to the Cambridge Bitcoin Electricity Consumption Index, America’s share of the average monthly hashrate spiked from 4.06% in September 2019 to 35.40% in August 2021.
During an episode of The Pomp Podcast, investment expert Anthony Pompliano spoke to CoinMetrics co-founder Nic Carter about Bitcoin mining in America, Texas, and the burning question of renewable energy.
Renewable energy has a strong potential for growth in the Lone Star state. Carter said,
“The Texas grid, I think it’s around 80 gigawatts – Ercot – and you’re looking at,
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