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In Texas, miners are forced to shut down power

Texas has been experiencing extremely hot weather for the past few days, putting a high strain on the state’s power grid. Miners are shutting down their power at the request of the local energy regulator.

On Monday, June 6, the state’s peak power consumption was 72,386 MW. Tuesday’s figure was even higher at 72,785 MW. Last year’s peak consumption was on June 23, when the load was 70,257 MW.

The Local Electricity Supply Council (ERCOT) stressed that the increased power consumption is due to the influx of miners in the state. So when mining centers open, there is a special contract in which miners pledge to reduce their consumption as requested by the council, energy providers and consultants.

“We’ve been missing about 5 bitcoins because of the high temperatures. We voluntarily shut down equipment several times. The cost of energy went up, we gave our energy back to the grid,” Argo CEO Peter Wall said.

A Bitdeer spokesman also noted that the company is shutting down equipment. The process is automated – miners shut down when the price of energy reaches a certain level.

Riot Blockchain holds a similar position. Commercial Director of the company Chad Harris (Chad Harris) stressed that in case of high load on the network center in Winston will turn off equipment and this power is enough to power 300,000 households. But not until the center reaches its full 750-megawatt capacity.

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