Skip to content

Condition: Post with Page_List

Listen
Search
Please enter at least 3 characters.

Latest Stories

Texas declared the "Bitcoin mining capital of the world"

In this photo illustration a Bitcoin logo displayed on a smartphone with programing code on the background
In this photo illustration a Bitcoin logo displayed on a smartphone with programing code on the background
SOPA Images

We're going to guess how you spent the last couple of holidays at your family's house: Avoiding that one cousin who really got into Bitcoin.

Bitcoin and cryptocurrency definitely had its run, but the popularity and hype has certainly died down in the last year.


Still, there are plenty holding onto the notion that Bitcoin will once again surge in value, and for the most part those folks seem to operate in Texas.

Per the Dallas Morning News, with half of all Bitcoin mining in the U.S. based in Texas, the Lone Star State is not only the Bitcoin mining capital of the country but the world!

So why Texas?

According to CNBC, a "permissive regulatory environment" has made Bitcoin mining incredibly popular in the state, as well as support from local energy provider ERCOT.

Remember when ERCOT paid a Bitcoin miner in Texas $31.7 million to shut down operations during the August heat wave?

LISTEN on the Audacy App

Sign Up and Follow 100.3 JACK-FM

Facebook | Twitter | Instagram