Texas Republican Congressman Pete Sessions made a bold declaration regarding the influence bitcoin mining would have on his state and the US as a whole.
“Bitcoin Mining will play a critical role in rebuilding energy independence in the USA,” the Texan lawmaker tweeted on March 22. His words garnered diverse reactions from both admirers and detractors. Senator and Bitcoiner Cynthia Lummis of Wyoming was among those respondents and simply said “Indeed”.
Bitcoin Mining And Dependence On Foreign Energy
Both politicians have advocated for rules that boost Bitcoin sector innovation, not simply mining. As global tensions drive up gas costs, the debate rages on how the US might minimize its reliance on foreign energy supplies.
Sessions’ point of view emphasizes a growing body of studies suggesting Bitcoin mining breakthroughs may have worldwide disruption and utility in industrial energy use and production.
As Texas now contributes over 14% of the country’s total Bitcoin hash rate, the state’s electrical system and miners’ environmental effect have come under increasing scrutiny.
Despite these worries, analysts say Texas’ expanding mining industry might lower net environmental impacts and energy demands on the public grid.
Researchers in March 2021 proposed modular data centers to increase sustainable energy. A flexible data center generates its own energy or pulls electricity from the grid, depending on the grid’s status.
Texas already generates the most wind power in the US, according to the U.S. Energy Information Administration (EIA). So, when disputed, miners already use more renewable energy than most industries. Advocating for a flexible Bitcoin mining data center paradigm might increase renewable energy accessibility and dependability.
Last October, Lancium released similar findings. A flexible data center strategy will likely minimize energy grid shortages while boosting renewable energy resources as the Bitcoin mining sector expands.