Austin, TX, December 23, 2022 –(PR.com
)– As Texas and much of the U.S. confronts the challenges of this winter storm, the bitcoin mining industry in Texas is playing a part in supporting the Texas grid during this challenging time by proactively curtailing power. Bitcoin miners in Texas and the Texas Blockchain Council are working with grid operators in Texas as they are closely monitoring the situation, and stand ready to contribute to the state’s efforts to ensure reliability and keep families warm and safe during the extreme weather.
During times of tight grid conditions, large flexible loads are critical. Steve Kinard, the Texas Blockchain Council’s Director of Bitcoin Mining Analytics noted that, “The bitcoin mining industry is the leading source of flexible load in Texas, and Texas leads the nation in developing a market environment in which ERCOT has this valuable tool at its disposal.”
Just as bitcoin mining…