Texas is a land of wonders and natural resources, but recently enough, heaps and heaps of natural gas are being destroyed because it is a byproduct of various refineries and power plants. So, Senator Cruz has advised Texas to direct all that wasted gas towards Bitcoin mining as this way it will be able to generate a handsome revenue and not wasting all that gas for nothing. He has also predicted that bitcoin mining will be able to not only capture the attention of various power grids within Taxes but also become a direct source of income for the natural resources renewables.
Natural gas, without any doubt, is in abundance within Texas, and it should be used to power Bitcoin mining projects. Senator Cruz has objected that all the natural gas produced as a result of oil and gas extraction is only burnt and is a must to use it because this way it will finally be able to power massive mining projects and in return could a cash-generating stream and a place of interest for crypto investors.
Opportunity For Bitcoin Miners
This is without any doubt a very handsome opportunity not only for the mining enthusiasts but also for those who have access to all that natural gas. Ted has also emphasized that there is no particular equipment present to capture all that natural gas or employ it. That is why investors should really take advantage of this opportunity and employ crypto mining projects along with all the free gas available.
The silver lining, according to Ted, is that the natural gas is being burned already, which is not a very friendly approach when it comes to the environment, but if it is used to power Bitcoin mining, then it is not going to end up being used but will help in the progression of the digital economy. He also has shared his insight regarding the fluctuating nature of energy supply and has said that if the natural gas is not present in abundance, then only a part of the mining project could be activated, and the rest will be shut off, and the whole thing could be optimized according to the availability of free natural gas.