Bitcoin

<a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/">Riot</a> Platforms has announced the construction of the !%world's largest Bitcoin mining facility% in Corsicana, <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/">Texas</a>. The new 265-acre site will consume up to 1 GW of <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/">electricity</a>, equivalent to the power usage of approximately 750,000 homes. 
Local residents have expressed concerns about potential power supply disruptions and increased electricity costs. According to the Texas Energy Commission, energy demand in the state has already risen by 5% due to <a href="https://ultramining.com/news/en/hut-8s-q2-2023-a-bitcoin-mining-marvel/">crypto miners</a>, with further increases expected. 
Riot Platforms representatives state that the project will create over 500 jobs and invest $500 million into the local economy. However, environmentalists warn of a significant carbon footprint and urge the use of renewable energy sources for mining operations.

World’s Largest Bitcoin Mine Under Construction in Texas, Sparking Local Concerns

Ultramining_Eng

Other articles published on Oct 7, 2024

SUI Coin Experiences Unprecedented Demand Surge

As Ripple vs SEC Deadline For Appeal Ends Today, What Comes Next For XRP Price?

Crypto Community Discusses Len Sassaman, Was He Satoshi Nakamoto?

Metaplanet Expands Bitcoin Holdings with $6.7M Purchase

Trader Gains 26x with Altcoin Investment After Famous PEPE Success

WazirX Cooperates with Indian Authorities Following $235M Hack; Plans User Compensation

Join our free newsletter for daily crypto updates!