Warren tweets Texas a "deregulated safe harbor" for bitcoin miner
October 13, 2022
Elizabeth Warren and six other Democratic senators requested financial & operational information on Bitcoin mining in Texas.
The concerns are raised as electricity is cheaper in Texas than many other states in the US.
The senetaors has request to share the details on how much electricity and CO2 was release by crypto miners in last 5 years.
The letter reads "The Bitcoin miners make money from mining that produces major strains on the electric grid".
The letter estimates that Texas shares 25% of bitcoin minining of all US based Bitcoin minining business.
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