And their total carbon dioxide emissions
Democrats are pressing Texas energy regulators to disclose how much energy crypto mining companies consume from the state’s vulnerable power grid nearly a year after it failed during an extreme winter storm., Sen. Elizabeth Warren and six other Democrats pressed Texas grid operator, the Electric Reliability Council of Texas, for information detailing how much electricity crypto mining operations have consumed and how much carbon dioxide emissions they’ve released over the last six years.
“I’ve been working for the last year to make sure the public understands the economic and climate risks from crypto,” Warren said in a statement toon Wednesday. “Cryptominers’ energy use rivals that of entire countries, and taxpayers — in Texas or anywhere in the nation — shouldn’t subsidize their profits, especially when the energy grid is on the verge of collapse.”
“Cryptominers’ energy use rivals that of entire countries, and taxpayers — in Texas or anywhere in the nation — shouldn’t subsidize their profits, especially when the energy grid is on the verge of collapse.” The lawmakers also want to know how much Texas regulators are paying mining companies to turn down energy consumption during peak demand periods. In August,
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