Cryptocurrency has become a major topic of discussion in recent years, yet many still claim to not understand the digital form of currency. However, that seems to be changing in the Lone Star State. Experts are now saying Texas will soon be considered the bitcoin mining capital of the world.
For years, China was the leader in bitcoin mining around the world, but with the country forcing bitcoin mining operations to relocate or go underground, Texas has become a leader in the cryptocurrency community. With Texas becoming a major bitcoin mining hub, there are now reportedly 27 local bitcoin mining companies tallied by the Texas Blockchain Council. “Texas will be the bitcoin capital of the world in the next two years,” said Poolin CEO Kevin Pan.
According to Tech Crunch, many are now looking to make the bitcoin mining industry an integral part of Texas’s energy infrastructure. “We’re going to see exponential growth in the bitcoin mining industry in Texas. Our customers are earning profits in bitcoin or dollars, it’s their choice,” said EnergyFunders CEO Laura Pommer Fidler. Soon there will be yet another thing Texas is best at.
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