Texas authorities have shut down a Bitcoin mining operation after a host’s armed security personnel claimed the miners “had no right to be on the property”. The incident serves as a reminder of the law’s limited power in regulating cryptocurrency mining.
Bitcoin miners in Texas have been forced to shut down operations due to a statewide energy crisis. With families already struggling to access electricity, many miners have been unable to keep up with their energy costs.
From the farms of Texas to the mining networks of the world, Bitcoin miners are making millions—and it’s not even through mining. Instead, they’re cashing in on the energy resources of the Lone Star State, making a fortune without ever having to touch a single coin.