Representative Pete Sessions of Texas stated simply but forcefully that the growth of the Bitcoin mining business might help the country achieve energy independence.

Bitcoin mining could be good for US energy independence

Texas Congressman Pete Sessions has made a bold declaration regarding the influence that Bitcoin (BTC) mining would have not only on his state, but on the whole United States.

"Bitcoin Mining will play a vital part in establishing energy independence in the United States," the Texan lawmaker, a proponent of Bitcoin mining, tweeted on Tuesday. Both admirers and detractors reacted negatively to his comments. Senator Cynthia Lummis of Wyoming was one among the supporters who replied to his tweet with a simple "Indeed."

Both legislators have been outspoken in their support for regulations that encourage innovation in the crypto business, not only for miners. As gas prices in the United States rise owing to global tensions, the discussion over how the country might minimize its reliance on foreign energy supplies has heated up.

Sessions' point of view is supported by a growing body of evidence that implies BTC mining sector developments might have worldwide implications for industrial energy use and output.

As Texas has grown to provide over 14% of the country's overall Bitcoin hash rate, the state's electrical grid reliability and miners' environmental effect have come under increasing scrutiny, as they have 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 lower the state's net environmental effect and energy demands on the public grid.

Flexible data centers might encourage renewable energy resources, according to a study paper published in March 2021. Depending on the status of the grid, a flexible data center generates its own electricity from a tiny specialized renewable power plant or takes power from the grid.

Texas is already the country's biggest wind power generator, according to the US Energy Information Administration (EIA). As a result, when renewable energy is needed, miners may already have it. Promoting the use of a flexible data center concept by miners might lead to increased renewable energy accessibility and dependability. According to the paper:

"As a result, by locally utilising generated power rather of putting it into the grid, the (integrated energy system) may help to grid stability."

Lancium, a software solutions provider, reported identical results in October. It was found that as the mining sector expands and more businesses adopt a flexible data center architecture, energy grid constraints would be avoided as renewable energy resources rise. In the report, researcher Joshua D. Rhodes stated:

"As networks include more intermittent resources, such as wind and solar, flexible demand will become increasingly critical in maintaining the electrical grid system's stability."

Post a Comment

Previous Post Next Post