Matt Lambing

Digital revolution, known as Industry 4.0, has enabled people, businesses, manufacturing plants, campuses and even entire cities operate in new and innovative ways. As artificial intelligence (AI) is increasingly integrated with other systems and Internet of Things (IoT) devices, it has the potential to improve operational efficiency and asset utilisation.

In recent months, Texas Governor Greg Abbott has made concentrated efforts to bring the crypto industry to his state. Besides seeing it as lucrative, he believes the growth of miners could help stabilize Texas’ electricity grid, which has struggled to keep up with demand. But why would they choose to locate in Texas? And what will the impacts be of an influx of crypto miners?

In our recent article we examined the energy system requirements of bitcoin and other crypto currency mining. However, the reality is far more complex than these simple electricity consumption comparisons would suggest. It is also a matter of potential. In this article we look at the potential benefits that the cryptocurrency mining sector could bring.