❄️ Texas crypto miners voluntarily shut down to keep electricity flowing to homes during freeze
The energy-consuming businesses help ERCOT balance supply and demand during extreme weather by selling unused power back to the grid.
“I told them we already had done it two days ago,” he said. That storm left at least 4.5 million electricity customers in Texas without power. “Last year, the miners turned off during [the] winter storm, but there were fewer bitcoin miners then and less megawatts to be taken offline,” said Lee Bratcher, president of the Texas Blockchain Council, an association representing the blockchain industry. “It still made an impact on thousands and thousands of homes. But this year, there are more and larger mining operations that can push back power and they’ve been proactive.
“Miners are very unique energy customers because they can respond so quickly without a lot of costs, which makes them better suited than other large users of electricity,” Stout said.
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