Riot Platforms at the Heart of Texas’ Debate Over Bitcoin Mining’s Effect on the Grid

When energy demand and prices spike, the cost of the energy outweighs the price of Riot staying in operation, so “they’re going to shut down anyway,” Sawicky said. Her argument was echoed by State Senator Lois Kolkhorst, who sponsored the mining cap bill, and environmental advocates at the bill hearing.

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• Source: https://www.coindesk.com/consensus-magazine/2023/07/25/riot-platforms-at-the-heart-of-a-texas-debate-over-bitcoin-minings-effect-on-the-grid/?utm_medium=referral&utm_source=rss&utm_campaign=headlines