Bitcoin Mining Is Reshaping the Energy Sector and No One Is Talking About It

Posted on by American Coins & Gold

Bitcoin Mining Is Reshaping the Energy Sector and No One Is Talking About It
Recently, I was invited to give a talk at the Texas Blockchain Summit on the topic of the growth of bitcoin mining in Texas. Not knowing anything about bitcoin mining in Texas, I interrogated around two dozen mining entrepreneurs, wholesale energy traders, academics and energy experts. What I discovered would completely alter my views on bitcoin mining.Put shortly, bitcoin mining is converging with the energy sector with amazing rapidity, yielding an explosion of innovation that will both decarbonize bitcoin in the medium term, and will dramatically benefit increasingly renewable grids. What’s more, it appears that only bitcoin – rather than…