Tag: texas

Sep 01 2022

Texas Bitcoin Mining Gold Rush Comes To An End

Sep 01 2022 Published at Coinscreed under tags  bitcoin bitcoin mining bitcoin news news texas

The new time for Bitcoin mining in the state might look more like a grind than a boom, but it could be better for the electric grid. Once upon a time, Texas was the promised land for bitcoin miners. It was a business-friendly state with stable rules and a steady supply of energy. But now […] The post Texas Bitcoin Mining Gold Rush...

Jul 20 2022

Bitcoin Miners In Texas Back Online After Shutdown To Ease Stressed Power Grid

An industry body announced on Wednesday that major bitcoin mining facilities in Texas have resumed operations following power outages earlier in the month caused by hot temperatures that triggered a rise in electricity use. According to sources, operators ceased mining operations in the face of a massive increase in electricity use caused by rising temperatures that prompted locals to use their air conditioners...

Jul 14 2022

Bitcoin hashrate plummets as Texas-based miners suspend operations

Jul 14 2022 Published at CryptoSlate under tags  bitcoin bitcoin mining hashrate mining texas

Bitcoin (BTC) hashrate dropped to as low as 159.41 exahashes per second (EH/s) on July 13, its lowest in five months, as Texas-based miners were forced to go offline. According to data from BTC.com, the 27% drop in hashrate is the largest since February 2022. Bitcoin hashrate, which signifies the network's...

Jul 12 2022

Demand Response: Texas Bitcoin Miners To Shut Operations To Alleviate The Grid

A heat wave is about to hit Texas, and the bitcoin mining community is doing its part. This is the moment where the demand response program shows what it can do for the Texan community, but that’s still not enough for mainstream media. The Bloomberg...

Jul 11 2022

Heatwave Forces Texas Bitcoin Miners to Shut Down

Jul 11 2022 Published at Crypto Briefing under tags  bitcoin mining news texas

Bitcoin miners are cooperating with Texan authorities to help alleviate the states energy grid in anticipation of a heatwave; over 1,000 megawatts worth of power allocated for Bitcoin mining is...

Jun 16 2022

Breaking: Multiple Probes Across U.S. On Over Celsius Withdrawal Halt

Jun 16 2022 Published at Coingape under tags  celsius network news texas

Following an announcement earlier this week to halt user withdrawals, the lending platform is attracting scrutiny from authorities. On Tuesday, Celsius Networks paused withdrawals on its platform stating the move was in the interest of the users. Celsius Probe In Texas In a latest, a regulatory board in Texas began a probe in this matter....

Jun 15 2022

Decadence and Denial: Reflections on Consensus 2022

Jun 15 2022 Published at Crypto Briefing under tags  analysis consensus texas

Last week, CoinDesk hosted its flagship Consensus conference in Austin, Texas, the self-styled live music capital of the world, which drew thousands from around the globe to bake under the...

Jun 13 2022

Why Bitcoin Mining Is Taking Off In The Lone Star State

A combination of unique energy infrastructure, favorable policy and unique incentives is making Texas the Bitcoin mining capital of the U.S.By its nature, Bitcoin mining is energy intensive and incentivizes the use of cheap energy to turn a profit. Bitcoin miners have started to flock to Texas because of the...

Jun 07 2022

Texas to launch investigation into Twitter 5% bots claim

Jun 07 2022 Published at CryptoSlate under tags  elon musk enterprise investments legal texas

Texas Attorney General Ken Paxton has revealed that his office is launching an inquiry into Twitter's bot reporting as it might violate the Texas Deceptive Trade...

May 16 2022

Bitcoin & Energy Merge In Texas: 3 Giant Companies Announce New Mining Facility

The bitcoinization of Texas is one step closer. The Texas Pacific Land Corporation, Mawson Infrastructure Group Inc., and JAI Energy partnered to build a facility that guarantees “60 megawatts of bitcoin mining on TPL’s surface in West Texas.” Using today’s hardware, it “could accommodate up to 2.0 Exahash of Bitcoin mining operational capacity.” The operation will be fast. The three giants plan to...

May 04 2022

Argo Blockchain receives $70M loan for Helios mining facility in Texas

May 04 2022 Published at Coinscreed under tags  argo blockchain helios news nydig texas

Argo Blockchain, a bitcoin miner based in Texas, has received a $70M loan from New York Digital Investment Group (NYDIG) to help purchase mining equipment for its Helios facility in Texas. The miner has signed a series of loan agreements with New York Digital Investment Group (NYDIG), a crypto-focused lender, under which the latter will […]

Apr 27 2022

Riot Blockchain Announces Plans for a 1 GigaWatt Bitcoin Mining Farm in Texas

Quick take: Riot Blockchain has announced that it plans to develop a 1 GigaWatt Bitcoin mining facility in Navarro County, Texas The facility is part of its Bitcoin mining and hosting expansion plans, aptly named 'The Expansion' The Expansion will start with an initial 400 MegaWatt facility on a 265-acre site and is expected to commence in July 2023 The additional 600 MegaWatt...

Apr 26 2022

Fort Worth City adopts Bitcoin mining

Apr 26 2022 Published at Coinscreed under tags  bitcon mining fort worth news texas

In collaboration with the Texas Blockchain Council, Fort Worth has established a pilot initiative to mine Bitcoin. The city hopes to become the first in the world to mine Bitcoin here on-site according to the city's Mayor Mattie Parker. Fort Worth's city council adopted a motion to begin using three Antminer S9 Bitcoin (BTC) miners […]

Apr 25 2022

Mar 22 2022

Texas Congressman Pushes For Bitcoin Mining To Make US ‘Energy Independent’

US Congressman Pete Sessions believes bitcoin is consistent with American ideals and will help boost the US dollar. Rep. Sessions also pointed out that cryptocurrency "is going toward becoming a more resilient alternative choice" for hedging against fiat-currency inflation. Bitcoin mining is increasing in popularity in Texas. This is largely because of the fact that prominent politicians such as Sessions are wooing cryptocurrency...

Feb 18 2022

Bitcoin’s Political Breakthrough Raises Questions About Its Regulatory Future

With state legislators attempting to recognize bitcoin as legal tender in the U.S., we’ve entered a new, uncharted phase of adoption.Is it actually possible for individual U.S. states to establish bitcoin as legal tender currency?Arizona State Senator Wndry Rogers seems to think so, based on the submission...

Feb 11 2022

At Scott’s Mining Conference, We Felt The Energy Of Bitcoin Mining

At Scott’s Mining Conference this week, attendees toured a bitcoin mining facility, heard from Michael Saylor and channeled the industry’s energy.On February 7 and 8, Round Rock, Texas experienced an event that could prove to be a pivotal moment for the whole of the Bitcoin space. What was happening in this suburb of Austin was not motivated by “nUmBeR gO uP,” or...

Feb 04 2022

Two Developments, On Opposite Ends Of The Earth, Highlight Bitcoin's Range Of Utility

Currency debasement in Lebanon and cold weather in Texas demonstrate the breadth of the Bitcoin network's utility.The below is a direct excerpt of Marty's Bent Issue #1155: "Two very different things that highlight Bitcoin's utility." Sign up for the newsletter...

Jan 31 2022

Texas, The Citadel For Bitcoin: A Gubernatorial Election Race

2022 Texas gubernatorial elections have become a race for promising Bitcoin (BTC) adoption by several candidates. Republicans Don Huffines, Allen West, and the current governor Greg Abbott have all jumped in to offer voters policies like making Bitcoin a legal tender, using Bitcoin mining to bolster the power grid, leading the world in leveraging Bitcoin infrastructure, and more. The Promises Following Arizona's big...

Jan 28 2022

Did Arizona Introduce A Bill To Make Bitcoin Legal Tender? This Is What We Know

Big if true. Did Arizona one-up every other Bitcoiner state? A bill that seeks to make Bitcoin legal tender in the state is circulating through Twitter and Telegram groups. Doubt is still in the air, and there’s no official confirmation, but the document seems to exist. And, even though it’s just a bill and there’s no guarantee it will pass, this might be...

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