Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid – Mining Bitcoin News

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Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid – Mining Bitcoin News
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Reports noted that bitcoin miners in the state of Texas curtailed their hashpower during a massive winter freeze.

detail that because of the cold weather in Texas, bitcoin miners located in the area have voluntarily shut down operations. Bitcoin supporter Dennis Porter shared a screenshot of a message from the bitcoin mining operation Lancium as the business shut down its Ft. Stockton facility to give more power to the grid.

“Bitcoin miners have once again voluntarily shut off power during an extreme weather event in Texas,” Porter. “Bitcoin miners are good for the grid.” The bitcoin mining operation Core Scientific explained that it too was participating in operational curtailments. “Due to extreme cold weather sweeping across the eastern and southern half of the U.S., we will be participating in multiple power curtailments to help stabilize the electrical grid,” the mining operationStatistics from coinwarz.

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