Ted Cruz seems to genuinely believe in Bitcoin, and it doesn't appear to be just a political move. Although we can't be entirely certain since we're not Ted Cruz, his actions suggest that he might consider making Texas more Bitcoin-friendly, especially with its many mining facilities.

Some skeptics might argue that politicians often make promises they don't keep, and once they're in office, they could change their stance. However, Cruz has emphasized the advantages of Bitcoin mining for the Texas energy grid. Texas has the potential to become a major Bitcoin mining hub, which could lead to growth and greater Bitcoin adoption in the United States.

Listening to discussions on the "What Bitcoin Did" podcast about Bitcoin's role in Texas has been eye-opening. Bitcoin miners can help stabilize the energy grid by buying excess energy that would otherwise go to waste. This benefits both the grid's stability and Bitcoin mining. It's also worth noting that Ted Cruz appears to be optimistic about Bitcoin.

You are damn right, and that is 100% true also. Because behind every statement of a political leader or a celebrity, there is a catch, and it will be theirs too. They do not make statements about the benefits of others without any self-benefit. They first see if there is any profit for them in it or not, then they proceed. Well, coming back to the discussion

I think miners are not very happy in Texas, even if it is mining-friendly. because of the high hash rate and the price. I once read a news story shared by the CEO of Binance (CZ). It says Lebanon has the lowest cost to mine 1 BTC, which means it was a few hundred dollars. Well, the cost of electricity is high in the US and also in Texas. But besides this, that's a good and important point for the miner, but honestly, big miners do not give a fuc**k about such news.

Lebanon might have lower mining costs for Bitcoin but there are several factors that need to be considered like local regulation, hardware accessibility, political stability etc. Texas might be costly for bitcoin miners but it has a more friendly environment than lebanon for bitcoin mining companies. This is the reason we have seen a surge in bitcoin mining activity in Texas, especially after China's crackdown on bitcoin miners.

A higher hash rate means a more competitive environment for miners but a higher hash rate provides a more secure network. Mining companies might be running at a loss but as we are near halving prices will surge once again and they will recover their loss soon enough. Big miners can get discounts on hardware and they can buy for a better unit cost for their electricity consumption so why they should care! It seems mining cost is not the only factor miners should think about. They are mostly thinking about current and future prospects.

Your information is wrong because the miners are happy in Texas as they have better environment and faculties available in Texas then in Lebanon. Although, it's true that cost of electricity is much cheaper in Lebanon than Texas but still no one wants to mine Bitcoin in a country like Lebanon because their political system is unstable and is highly affected by corruption as compare to USA and the miners want a safe place for their mining operations. If a state's high status personalities are promoting Bitcoin mining then surely they are supportive with miners, and that's another reason for miners to continue their mining operations in Texas.

If Ted thinks BTC mining is the solution to the states issues, I think he knows what he's talking about. Texas needs it, it can afford it and the landmass would accommodate an energy plant to this effect.
Mining with its energy consumption has been a real issue, but with success from individuals who have tried other ways and energy alternatives to sustain their mining machines, I do feel now is the right time to do it the way Ted believes in.

El Salvador has made a success out of BTC mining, the western world is on the verge of adopting this new decentralized network and system that is part of a solution to world economic problem, everything is definitely in order and would work as planned should Ted Cruz go ahead with implementation of his BTC energy mining beliefs.

Aside from Ted Cruz, there are a more couple of USA politicians that are inclined with the crypto/Bitcoin technology. For example, Rep. Tom Emmer (R-Minnesota), Rep. Ritchie Torres (D-New York), Rep. French Hill (R-Arkansas), Rep. Ro Khanna (D-California), Sen. J.D. Vance (R-Ohio), Sen. Kirsten Gillibrand (D-New York), Rep. Patrick McHenry, (R-North Carolina) and couple of more are introducing the Bitcoin technology to the citizenry. Have in mind that the “D” and “R” in the brackets means  Democrats and Republican political parties, respectively. Which also goes to say that the adoption of Bitcoin/cryptocurrencies is a cross-party thing and I am pretty sure that, with time, Bitcoin could be a legal tender in the USA if the numbers increase.

You can go through the article below to learn more about their contributions to the Bitcoin technology.

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Source: https://www.coindesk.com/consensus-magazine/2023/01/25/crypto-policy-regulation-us-congress/

the reason top guys like the idea of mining is simple

when building new power generators for a populous they dont just build for current demand. they build for future demand capacity of 50-100 years. meaning sometimes 3x+ current population

but this comes at a 3x cost of current demand. so if they can bribe, incentivise big industry into the area to use the other unused 2x capacity then it keeps the costs low for the 1x demand currently existing.

AFAIK, it was Texas that has backed mining so that statement of Ted has really something to pull with and has basis. In all of state, I think that it was Texas that's friendly to Bitcoin mining because their state even supports and does it.

I just hope that these statements and supports coming from Ted will result into many believers not just to mining but also Bitcoin itself.

It's going to break the stereotype about it that it consumes too much electricity and isn't green friendly.

This makes me remember an old friend who lives in Texas, he encouraged me to start Bitcoin mining in 2017 and at the time I couldn't afford an Asic miner, he talked about how the place is so sunny that he is even making money from grid because he set up many solar panels for Bitcoin mining, I have never seen a bigger mining farm like his before, that will be my first time, we talked on video for months and he showed me around using his smartphone, but later I lost his contact.

I think that this Ted guy is somehow benefitting either from Bitcoin mining or the electricity consumption, it's just a hunch, nothing too serious.

There are so many miners in the US and that's why I don't want any strict laws on crypto mining in that country, because US citizens are playing a big part in crypto adoption and also Bitcoin mining too, I am sure that the country is one of the most crypto friendly, I mean the people not the government. 

Cruz talks about Bitcoin because it is logical coming from someone with his political ideology. Who is going to defend Bitcoin the most? Someone who believes that the state is the best guarantor of rights and freedoms, or someone like Cruz who believes that the best guarantor are self-organizing individuals? Like De Santis or Bukele. W

hat is paradoxical is someone from the Democratic Party defending Bitcoin, which was created precisely to escape the clutches of states and central banks.

Look at those who defend how bad Bitcoin mining is:

Bitcoin is next climate fight for Democrats

‘Just imagine the climate’: Bitcoin in crosshairs as Democrats target crypto mining in green energy push

Bitcoiners Protest Democrats’ ‘Misleading’ Letter Sent to EPA