Crypto mining in Texas could be costing energy customers an extra $69 per year on their electrical bills
on Texas' Electric Reliability Council of Texas, or ERCOT, that's an extra $69 per annual bill.
Riot Platforms, which runs the state's largest mine in Rockdale, uses the same amount of electricity as the nearest 300,000 homes, per the"The alleged increase in energy bills was created using a proprietary black box simulation, not real-world data, and the NYT and their sources have not made the data available to the public so that it can be appropriately challenged," a Riot Platforms spokesperson told Insider. In 2021, China cracked down on crypto.
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