Tag Archives: Texas Blockchain Council

Crypto miners really don’t want to tell us how much energy they consume

Posted on March 3, 2024 by Charles Kuffner

And for now at least, they don’t have to. U.S. officials this week indefinitely withdrew a survey aimed at gathering information on the crypto-mining industry’s power use, hindering attempts to understand the sector’s impact on grids and energy prices at … Continue reading →

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The real way to make a fortune in cryptocurrency

Posted on January 7, 2024 by Charles Kuffner

Get paid millions to not use electricity. It’s brilliant. When the news broke that Bitcoin mining company Riot Platforms made $32 million by reducing — or being willing to reduce if needed — its energy use last August in Texas, … Continue reading →

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The Fort Worth bitcoin mining experience

Posted on August 28, 2023 by Charles Kuffner

Wild. A year ago, Fort Worth Mayor Mattie Parker joked the city was now “cowtown and cryptocurrency” after plugging in donated bitcoin mining machines. That news generated millions of web impressions across the world, a nominal amount of money and … Continue reading →

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Some rocky times for Texas’ cryptocurrency miners

Posted on February 21, 2023 by Charles Kuffner

Their boundless optimism never wavers, however. Cryptocurrency miners began flocking to Texas in the past five years, drawn by the state’s low energy costs and relaxed regulations. As they began setting up shop, lawmakers and local officials were touting the boom as an economic lifeline … Continue reading →

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Yeah, the crypto lovers here are still all in

Posted on November 27, 2022 by Charles Kuffner

I mean, at least they’re consistent. The crypto community in Austin was buzzing. Hundreds of investors, legislators, professionals and enthusiasts packed the halls of the AT&T Hotel and Conference Center at the University of Texas on Nov. 17-18 for the … Continue reading →

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The cryptomining surge in rural counties

Posted on November 22, 2022 by Charles Kuffner

Here’s one possible answer to that question I posed the other day. Jacob Rodriguez was driving a John Deere tractor in a West Texas cotton field when he received a phone call that would change his life. “I was pulling … Continue reading →

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Tell me again why we’re encouraging all these crypto-miners to come to Texas

Posted on October 4, 2022 by Charles Kuffner

Seriously, what are we doing here? Cryptocurrency miners are accelerating their push to expand in Texas far beyond what authorities had initially expected, threatening to send the state’s electricity use skyrocketing. Enough miners have applied to connect to Texas’s power … Continue reading →

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Sure hope our grid can handle a bunch of crypto

Posted on May 18, 2022 by Charles Kuffner

I have three things to say about this. With interest surging in digital currencies and the blockchain technology behind them, more and more investors and operators are turning to Texas, lured by its cheap energy and hands-off regulatory approach. The … Continue reading →

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The noble sacrifice of the coin miners

Posted on February 7, 2022 by Charles Kuffner

You’re welcome. Chad Harris got an urgent phone call during last February’s epic Texas winter storm, something he was expecting as the operator of the single largest bitcoin mining and hosting facility in North America. “You need to shed your … Continue reading →

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