‘They are energy hogs’: Bitcoin mining surge stirs power grid concerns in Texas – KHOU

They’re competing with other mining machines from around the world to be the first to solve a series of complex math problems. Those equations help to verify bitcoin transactions on a digital ledger known as the blockchain.

Harris said the plant can mine about 400 bitcoin a month, worth about $25 million.

Just across the road, another cryptocurrency miner, Bitdeer owns another 700-megawatt mining facility.

The question going forward is will other cryptominers do the same, or will they keep the computers running to cash in on more bitcoin.

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