Texas Senator Discusses Environmental Benefits Of Crypto Mining
In an attempt to try and dispel long-held concerns about the assets massive energy consumption and threat to the environment, Texas Senator Ted Cruz has indicated that Bitcoin (BTC) mining does infact have environmental and business-related benefits.
Senator Cruz suggested that crypto mining is advantageous to the environment, particularly if miners use renewable energy sources. Cruz, interestingly, proposed that Bitcoin mining could lead to the prosperity of families involved in the activity by breeding entrepreneurs and providing an alternative source of income.
He added that, in light of the criticism leveled at Bitcoin mining, the activity could coexist with various other forms of energy utilization by sharing the grid.
Moreover, as BTC mining has the ability to be switched on or off instantly, if there is a power shortage or a power crisis, whether it&39s a freeze or another natural disaster where power generation capacity may drastically decrease, Senator Cruz believes that this could create an opportunity to instantly redirect that energy and put it back on the grid.
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