Bitcoin miners in Texas are bracing for a severe winter storm.
A number of crypto miners in Texas are already shutting down some or all their operations, as the region awaits anThe miners, many of whom flocked to the state in recent months to take advantage of Texas’s low energy costs, say that they will reduce their energy consumption to help avoid a power failure similar to the one Texas. That outage left about 4.5 million homes and businesses without power and led to nearly $200 billion in property damage.
These efforts will dovetail with those of the Electric Reliability Council of Texas , which operates the Texas grid and said on Wednesday that it would use “all tools to manage the grid.” Some of the miners will also be taking advantage of state incentives to ratchet back their power usage.
Compute North, which hosts bitcoin miners in their data centers, told CoinDesk that it is also closely eyeing the storm. “We are prepared to respond real-time to curtail our operations in order to support ERCOT, grid stability and power demand,” Compute North Director of Energy Peter Liska said.
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