Tag Archives: Texas Blockchain Council

The real way to make a fortune in cryptocurrency

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

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

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

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

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

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

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

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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