in bitcoin mining, energy consumption, Regulation, texas, united states

Senator Warren leads the charge against energy consumption claims on Texas crypto miners

by Repost Admin October 12, 2022, 5:43 pm 1.9k Views

According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas.

Massachusetts Senator Elizabeth Warren and a group of six other U.S. lawmakers have requested information from the head of the Electric Reliability Council of Texas, or ERCOT, on the energy usage and potential environmental impact of crypto miners.

In an Oct. 12 letter, Senators Elizabeth Warren, Sheldon Whitehouse, and Edward Markey an House of Representatives members Al Green, Katie Porter, Jared Huffman, and Rashida Tlaib requested ERCOT CEO Pablo Vegas provide details on the impact Texas crypto mining firms have had on the stability of the state’s energy grid, climate change and subsidies given to companies. According to the letter, the U.S. lawmakers claimed crypto miners were “flooding” into Texas due to the state’s loose regulations.

“Texas has ‘become one of the go-to locat