Industrial miners in Texas have shut down their miners as the state geos through a heat wave with temperatures hitting 110 degrees. The state has already ask citizens to slow down use of AC’s and other heavy electricity hogs.
According to Lee Bratcher, president of the Texas Blockchain Council, “nearly all industrial-scale Bitcoin mining” operations in Texas have shut down their rigs as of Monday, Bloomberg reports, freeing up 1,000 megawatts of electricity to be redistributed by the grid. Bratcher says that’s equal to 1% of Texas’s total grid capacity.
Last week we reported that mining mat not be worth the cost right now, so some believe this is also a cost cutting opportunity and not just the good souls of miners trying to do their part.
Written by: WarBiscuitNFT
