Bitcoin Miners shut off rigs as Texas power grid nears breaking point: Nearly all industrial scale Bitcoin miners in Texas have shut off their machines as the companies brace for a heat wave that is expected to push the state’s power grid near its breaking point.
“There are over 1,000 megawatts worth of Bitcoin mining load that responded to ERCOTs (Electric Reliability Council of Texas) conservation request by turning off their machines to conserve energy for the grid.” Lee Bratcher, president of Texas Blockchain Association told Bloomberg in an email response. “This represents nearly all industrial scale Bitcoin mining load in Texas and allows for over 1% of total grid capacity to be pushed back onto the grid for retail and commercial use.”
"over 1,000 megawatts" - sounds like a lot, doesn't it? Difficult for us mere mortals to work out how much power that is... In context: Sizewell B (nuclear power station on the UK Suffolk coast) can generate 1,198 megawatts (enough for 2.3 million homes). So the amount of power temporarily released by Crypto Miners in Texas is roughly the equivalent of one of the UKs largest nuclear power stations.
Wanna cutback on energy usage / stop bankrolling Putin's aggression in Ukraine? JUST. DON'T. GO. THERE.
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