Texas could face energy crisis due to mining in 2023 year – Bits Media

Electric Reliability Council of Texas (ERCOT) stated, that the state's power grid is ready to increase electricity consumption by mining centers to 5 000 MW.

However, ERCOT's announcement did not instill confidence in Texas residents, who believe, that they are expected problems with electricity in 2023 year, if local authorities do not curb their appetites for attracting mining companies to the region. Texas Observer journalist Amal Ahmed (Amal Ahmed) wrote on Twitter, what, In her opinion, The Texas energy grid is not ready for such an influx of miners.

“New Seasonal Assessment Report from ERCOT, Seems, talks about that, that the agency has not changed its approach at all, to prepare for the crisis".

Some Texans are confident, that the state's power grid will not be able to provide electricity to mining centers in the future without harming local residents. The public's anxiety is related to, what Texas is going to attract up to 20% Bitcoin mining capacity.

The number of mining companies in Texas has increased significantly in recent months. These are mainly miners, who moved from China. As a result, the state's power grid is faced with an increase in electricity consumption. The mining industry in Texas currently consumes between 500 to 1 000 MW of electricity. According to ERCOT, to provide electricity to mining centers and local residents, need to increase capacity to 5 000 MVT K. 2023 year.

In February 2021 of the year, when increased electricity consumption led to blackouts during a cold snap in Texas, about 5 million residents were left without electricity for several days. State residents are concerned about future planned electricity expansion, which could lead to a similar situation.

Recall, that in April, the founder of the mining company Blockcap, Darin Feinstein, announced the opening of new mining farms in Austin,  naming Texas as the most attractive region for industrial mining.