Bitcoin miners in Texas are facing a temporary setback as they power down their operations in response to the state’s ongoing energy crisis. The scorching heatwave that gripped the Lone Star State forced the Electric Reliability Council of Texas (ERCOT) to take drastic measures to ensure uninterrupted power supply to its 25 million customers, accounting for a staggering 90% of the state’s grid load.
To alleviate the energy strain, ERCOT invoked emergency procedures, compelling specific power consumers, including Bitcoin miners, to curtail their energy consumption. The relentless heatwave pushed several mining outfits to temporarily suspend their operations.
Riot Platforms and Marathon Digital are among those who recently announced a pause in their mining activities. Marathon Digital reported a 9% drop in Bitcoin production, reflecting the challenges faced by miners during this energy crisis.
Lee Bratcher, President of the Texas Blockchain Council, shed light on the situation, sta
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