Crypto Mining in Texas May Demand 5 Times More Electricity by 2023

With Bitcoin mining picking up steam in Texas, US, its grid operator Electric Reliability Council of Texas (ERCOT) has foreseen a five-fold increment in energy loads. In the next two years, by 2023, ERCOT predicts that it would have to produce at least up to 5,000MW more electricity to support crypto mining and data centres. … Read more

Elon Musk Says Cryptocurrencies Can’t be Destroyed, Growth Can Be Curbed

In a message to governments around the world, Tesla CEO Elon Musk has said that while the advancement of cryptocurrencies can be slowed down, these digital assets cannot be destroyed now. The crypto-supporting tech mogul further went on to reportedly advise the US government to do “nothing” about regulating the crypto-space if the aim is to … Read more

El Salvador President Teases Bitcoin Mining Centre Being Set Near Volcano

Nayib Bukele, the President of El Salvador posted a 25-seconds long video that promises the “first steps” in Bitcoin mining. The footage showed glimpses of what reports speculate is a new volcanic geo-thermal Bitcoin mining facility being built in El Salvador, the world’s first country to legalise Bitcoin as legal tender. Earlier in June this … Read more