Miners in Texas respond to heatwave and record power demand - BitcoinEthereumNews.com
KabuhayanMiners in Texas respond to heatwave and record power demand06 / 11 / 2022Balita ng Ethereum ng Bitcoin High temperatures in Texas this week have led to record-breaking power use levels for the month of June, presenting a test for state‘s power grid. And the heatwave has had implications for some of Texas’s bitcoin mining operations. Energy demand hit a peak of 72,386 megawatts on Monday, setting a record for June — only to be surpassed the following day, when demand hit 72,785 megawatts, according to data from the Electric Reliability Council of Texas (ERCOT). The all-time record was 70,257 MW on June 23, 2021. An influx of Bitcoin miners into the state has raised questions about the potential consequences for its grid. “ERCOT expects sufficient generation to meet forecasted demand,” ERCOT told The Block via email Thursday. Many Bitcoin miners in the state have set agreements with ERCOT to power down at peak energy demand times. Advocates say this kind of flexibility can be an asset to the grid. Bitdeer said that while this weeks record-breaking temperatures were unusual, the company would respond as it normally does when demand goes up. The company curbs power during times of peak demand on the grid and