Reading time: ~1 m
Senator from Texas Ted Cruz believes that bitcoin mining (BTC) acts as an additional advantage for the environment, rejecting long-standing concerns about the energy intensity of mining.
This is explained by the fact that miners focus on the use of renewable energy sources and increase the number of jobs:
Cryptocurrency is a net plus for the environment. Being able to unlock a lot of renewable energy sources is important for the environment. The use of flared natural gas and its productive use is a big deal.
Bitcoin is a room full of entrepreneurs, people, providing for their families, and this prosperity also has a positive effect on the environment.
Cruz added that this activity could coexist with other forms of energy use through grid sharing:
Due to the ability of Bitcoin mining to instantly turn on or off, in the event of a shortage of electricity or a crisis caused by a natural disaster, it is possible to instantly move this energy and return it to the network.
Interestingly, some miners even made a profit by suspending work due to extreme heat and the maximum load on the power grid.
#Senator #Texas #called #bitcoin #mining #environment