Senator Ted Cruz: Texas needs to use natural gas to mine bitcoin – Bits Media

At the summit, dedicated to blockchain, Texas Senator Ted Cruz expressed an opinion, that mining Bitcoin using natural gas will not only make the process more environmentally friendly, but will also increase network stability.

Ted Cruz (TED CROSS) noted, what can you do for mining bitcoin? energy used, generated by oil and gas production. Now half of the country's natural gas is burned in West Texas.. At the same time, there are many places on Earth, where are similar resources available?, but there are no power lines.

"It's wasted, because there is no equipment, which would allow the use of natural gas", - said the senator.

Cruise emphasized, that energy can be returned to the grid in the event of an emergency outage or power shortage.

“In five years I hope to see a completely different situation. Mining Bitcoin using natural resources can play an important role in increasing the stability of the network.",  – added Cruz.

Recall, that in September the President of El Salvador announced, which is considering the option of mining Bitcoin using geothermal energy.