Akihabara News (Tokyo) — This summer’s soaring temperatures in Texas forced cryptocurrency mining operations to cease activity, and in the process reigniting debate on the technology’s environmental credentials. Even still, strides are being made to develop blockchain infrastructure that is more carbon conscious.
Relatively cheap energy in Texas has attracted crypto-miners to set up operations in the US state, leading to a strain on the capacity of its beleaguered power grid. These operations in Texas are predicted to require 6GW of electricity by 2023, which is a figure roughly equal to the needs of the state’s largest city, Houston.
As of last week, however, the majority of industrial mining ventures have temporarily shut down in compliance with the Texas grid authority’s request for private enterprises to conserve energy.
Cryptocurrency mining is the means by which new coins are effectively “minted.” This is achieved by setting a computer to solve a complex mathematical puzzle in...
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