Industrial Bitcoin Mining Thrives in a Small Texas Town
Two large Bitcoin mining firms have set up their data centres in a small Texas town in the former Alcoa aluminium smelter.
The Rockdale aluminium smelter used to be the largest in the world in terms of production scale. However, in 2008, Alcoa, the company that ran it, began to wind down all operations. After that, according to Lee Bratcher, president of the Texas Blockchain Council, the venture stood idle until the miners arrived.
According to CNBC, mining firm Bitdeer, a subsidiary of Bitmain, and Riot Blockchain, one of the leading publicly traded bitcoin mining companies in the United States, have opened data centres at the former plant.
The city’s aluminium smelter was previously the largest in the world until the company that operated it, Alcoa, began to phase out operations in 2008. From the time Alcoa left, the buildings stood idle until the miners opened the store, according to Lee Bratcher, president of the Texas Blockchain Council.
Rockdale is a very small town in the state with a population of 5600 people. But its politicians are very friendly towards the cryptocurrency industry. In addition, the city has enough abandoned industrial buildings in which mining farms can be equipped, and the price of electricity is quite low.
According to Rockdale Mayor John King, the relationship between the local grid operator, the Electricity Reliability Council of Texas (ERCOT), and the miners is highly beneficial. He stressed that without the miners, the surplus of electricity in the region would remain unclaimed.