At the blockchain summit, Texas Senator Ted Cruz expressed the opinion that mining bitcoin using natural gas will not only make the process greener, but also increase the stability of the network.
Ted Cruz noted that energy generated from oil and gas mining can be used to mine bitcoin. Now half of the country’s natural gas is burned in West Texas. At the same time, there are many places on Earth where there are similar resources, but there are no power lines.
“It is wasted because there is no equipment that would allow the use of natural gas,” the senator said.
Cruz stressed that energy can be returned to the grid in the event of an emergency outage or power shortage.
“In five years, I hope to see a completely different situation. Mining bitcoin using natural resources can play an important role in increasing the stability of the network, ”added Cruz.
Recall that in September, the President of El Salvador announced that he was considering the option of mining bitcoin using the energy of geothermal sources.
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