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Journal Article

Crypto Miners Eye Texas for Energy Abundance; Banks View Digital Entrée

Abstract: Since their launch, cryptocurrencies have grown in quantity and market capitalization. Because they rely on decentralized technology that is computationally complex, cryptocurrencies are significant energy consumers. Texas' power-generating abilities have captured the attention of cryptocurrencies as miners move to the state.

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2022

Issue: Second Quarter