Top story: While #Bitcoin is designed as a decentralized payment system that bypasses banks and credit cards, its consumption of Texans’ true wealth—the state’s natural resources—is centralized in the hands of a few companies, sucking up massive amounts of #water and energy to keep hardware running 24/7.
#energy #OilAndGas #pollution #ClimateChange #environment #crypto #Texas

The Texas Observer
The Crypto Racket
Bitcoin mining afflicts locals with noise pollution, threatens water supplies, and receives generous public backing.
