After Bitcoin miners abandoned China, many of them looked for a new home, rather than giving up mining. Many ended up in Texas, which even became a highly popular destination within the US. However, while the lawmakers once welcomed miners into the state, they now worry about the crypto mining sector’s energy requirements.
Crypto Miners Are Draining Texas’ Power Supply
Earlier this summer, in June, Texas’ grid operator, the Electric Reliability Council of Texas (ERCOT) raised alarm regarding the growing demand for electricity in the state. The demand was on the sharp rise, and ERCOT projected that it could nearly double by 2030 due to several factors, including rapid population growth, severe temperature fluctuations during summer and winter, and a massive upsurge in AI data centers and crypto mines.
The latter was particularly concerning during a Senate committee meeting earlier this year. Furthermore, ERCOT CEO, Pablo Vegas, said that the state’s surging energy demand will need 65,000 extra megawatts just to accommodate new players, with AI data centers and crypto mines alone using half of it.
https://x.com/LtGovTX/status/1800968003636408657
Texas now has a major decision to make regarding how it will deal with the new issues, and since lieutenant-governor Dan Patrick wrote that Texans will be the ones to pay the price, crypto miners might find themselves looking for a new home once again in the near future. Meanwhile, opportunity seekers in the crypto industry could consider more energy-efficient projects to invest in and support, such as the ones that use Proof-of-Stake consensus mechanism.
Not only does it require less energy, but it also allows users to stake tokens and earn passive income, without the need for specialized mining equipment like Proof-of-Work projects need. In fact, one staking project that emerged recently, known as Crypto All-Stars (STARS), has a chance to revolutionize staking across the meme coin sector.
JOIN THE STARS ICO AT A LOW PRICE
How Can Crypto All-Stars Change Staking Forever?
Crypto All-Stars is a new meme coin project, but also one that could enable staking to evolve in a very significant way.
Most projects that allow users to stake their coins or tokens only support their own coins or tokens. That means that crypto users who have multiple tokens available for staking must lock each crypto in its own respective smart contract. Crypto All-Stars can change that, at least within the meme coin sector, by allowing meme coin holders to stake all major meme coins in a single place.
It created a new staking smart contract called MemeVault that supports the staking of Dogecoin, Brett, Pepe, Floki, Turbo, Milady, and many more major meme coins. As such, it has a chance to become the center of meme coin staking and bring additional interoperability to the crypto sector.
BUY STARS AND START STAKING YOUR ENTIRE MEME COIN PORTFOLIO
Currently still in presale, the project saw its ICO blow up and raise over $845k in only two weeks since launch, while its price sits at only $0.0014135. So, not only is it a revolutionary project, but it is also extremely affordable, and you can buy its STARS token with ETH, USDT, BNB, or credit/debit cards.
