Ted Cruz also highlighted the potential benefits of BTC mining through natural gas.
Senator Ted Cruz from Texas has proposed using the energy generated from oil and gas production to mine the premier cryptocurrency Bitcoin. He stated this as part of a speech at the Texas Blockchain Summit.
“Use this energy to mine Bitcoin. The beauty is that you will greatly help the environment, because you will use natural gas for productive work,” the politician explained.
According to the senator, about half of the volume of natural gas flared in the United States comes from West Texas. The resource is wasted due to the lack of equipment to use it, he added.
Cruz noted that bitcoin has the ability to “absorb gas instead of burning it” in order to benefit and preserve the environment. According to the senator, this approach can be extended to the whole world.
The politician also noted the ability of miners to respond to demand and return energy to the network when needed.
Recall that at the end of May 2021, the American mining company Marathon Digital Holdings announced the construction of a data center in Texas with a capacity of 300 MW. The new facility is planned to be made 70% carbon-neutral.
Earlier, El Salvador began mining the first cryptocurrency based on geothermal volcanic energy.
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