Texas senator Ted Cruz has suggested that Bitcoin (BTC) mining is an added advantage to the environment, dispelling the perennial concerns about the asset’s energy consumption.
In an interview with Cruz, he mentioned that “if cryptocurrency mining focuses on renewable energy, it’s a clear plus for the environment”.
Interestingly, Cruz suggested that Bitcoin mining leads to the prosperity of families involved in the activity as it breeds entrepreneurs.
“Cryptocurrency is a net plus for the environment. Being able to unlock a lot of renewables is important for the environment. Taking stranded natural gas and putting it to productive use is a big positive. <…> Bitcoin also is a room full of entrepreneurs, full of people that are providing for their families, and that prosperity is a net positive for the environment as well,”Cruz
After the criticism of mining, Cruz said that the activity could exist by sharing the grid and using common use with other energies.
“Because of the ability to Bitcoin mining to turn on or off instantaneously, if you have a moment where you have a power shortage or a power crisis, whether it’s a freeze or some other natural disaster where power generation capacity goes down, that creates the capacity to instantaneously shift that energy to put it back on the grid,” he added.
The lawmaker cited Texas as an ideal location for advancing Bitcoin mining. According to Cruz, in Texas, Bitcoin mining could play “a significant role in strengthening and hardening the resilience of the grid.”
Support to Bitcoin from Cruz
The Senator said that his dream is to make Texas a bitcoin paradise, that he believes it has that potential, adding that he will never stop supporting it because of this. Notably, the Texas state government has put in place measures to support and attract Bitcoin miners by enacting a system that pays operators to shut down the activity in case of high power demand.
In general, America has become the first destination for miners. Although there are many reasons for this, the renewable energy usage opportunities promised to the miners are attracting the miners.