Texas senator lauds Bitcoin mining as ‘a net plus for the environment’

Texas senator lauds Bitcoin mining as ‘a net plus for the environment’

Texas senator Ted Cruz has suggested that Bitcoin (BTC) mining is an added advantage to the environment, dispelling the perennial concerns about the asset’s energy consumption.

Cruz stated that cryptocurrency mining is a ‘net plus’ for the environment, especially if miners focus on utilizing renewable energy sources, he said during an interview published by Vice News on August 20.

Interestingly, Cruz suggested that Bitcoin mining leads to the prosperity of families involved in the activity as it breeds entrepreneurs.

Cruz’s support for Bitcoin
The senator who has expressed his support for Bitcoin maintains that he wants to make Texas an ‘oasis on planet Earth for Bitcoin and cryptocurrencies.’

Notably, the Texas state government has put in place measures to support and attract Bitcoin miners by enacting a system that pays operators to shut down the activity in case of high power demand.

 

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