Sen.Ted Cruz Believes Texas Will Use Bitcoin Mining to Tap Wasted Natural Gas
The US Senator Ted Cruz has recently forecasted that Texas may soon start using Bitcoin mining to capture wasted non-renewable sources of energy such as natural gas and the power grids of the State within five years.
Sen. Ted Cruz Says Texas Will Soon Use Bitcoin Mining to Capture Wasted Energy Resources
Speaking at the recent Texas Blockchain Summit, Sen. Cruz declared that Bitcoin mining can be utilized to tab energy obtained from non-renewable sources like oil and gas rather than burning or wasting it, positing that there is “enormous opportunity for Bitcoin to capture that gas instead of wasting it.” He also believes that the whole of the United States should be using natural gas to mine Bitcoin instead of flaring it.
While he also stated that,
EL Salvador Also Embarks on the Journey to Power BTC Miners With Renewable Energy
The Republican Senator asserted that bitcoin mining is to be mobilized as a reflexive response to the fluctuations in energy supply and in an event of a sudden power outage or shortage, the energy could be returned back to the power grid immediately.
He also tactfully added that,
And with El Salvador announcing its recent project of tapping volcanic energy to power the bitcoin mining, Cruz has been proven right in his conviction that the flagship currency can actually prove to be a boon for the impending global energy crisis.
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