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Texas Crypto-Mining Rush May Need as Much Power as Entire State of New York

  • Demand is 33% more than what grid was preparing to handle
  • Miners have applied to draw up to 33 gigawatts from grid
A worker installs a row of Bitcoin mining machines at a mining facility in Rockdale, Texas.

A worker installs a row of Bitcoin mining machines at a mining facility in Rockdale, Texas.

Photographer: Mark Felix/AFP/Getty Images
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Crypto currency miners are accelerating their push to expand in Texas far beyond what authorities had initially expected, threatening to send the state’s electricity use skyrocketing.

Enough miners have applied to connect to Texas’s power grid to use up to 33 gigawatts of electricity, the Electric Reliability Council of Texas, which runs the system, said in an email Friday. That’s a third more than what the grid operator’s chief executive officer said in April that officials were preparing to handle over the next decade. It’s also enough to power all of New York State.