It remains to be seen if bitcoin will make a significant move away from fossil fuels, but in the meantime it will likely come under increasing scrutiny over its appetite for fossil fuel-powered electricity. “We simply don’t know how emissions from bitcoin mining will look in five to 10 years,” said Jones, the University of New Mexico professor. “It seems likely, though, it will to continue to be a major consumer of energy going forward.” To become bitcoin capital grid all If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

It’s worth noting that EnergyFunders’ mining operations are off-the-grid, relying on natural gas instead. So they won’t add stress to the overburdened and congested power grid across Texas. Overall, only time will tell who will benefit from the millions of dollars’ worth of bitcoin being mined in Texas throughout this gubernatorial election and subsequent term. Valuation and Risks World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.