Crypto miners in Texas halt operations as state experiences extreme heat wave
ERCOT reported that wind generation in Texas was "producing significantly less," potentially leaving the state unable to meet power demands for triple digit temperatures.
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With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners shut down operations in anticipation of the state's energy grid not being able to keep up with demand .
The Electric Reliability Council of Texas, or ERCOT, on Sunday called on Texas residents and businesses to conserve electricity with "record-high electric demand" expected on Monday. Electricity demand in Texas, due in part to air conditioners operating in extreme heat, could exceed available supply, according to ERCOT forecasts.
The utility's forecast model showed demand could hit an all-time high of 79,615 megawatts (MW). While energy costs in Texas in June would have been reduced due to increased wind and solar generation, ERCOT reported Sunday that wind generation was "producing significantly less than it has historically generated over the past this period" – less than 8% of capacity when demand was expected to be highest.
Many crypto miners in the Lone Star State have announced that they have already reduced or halted operations in anticipation of demand that the Texas energy grid may not be ready to handle. In an announcement posted on Twitter on Monday, crypto miner Core Scientific said it had shut down all of its ASIC servers located in the state until further notice "to provide relief to the people of Texas".
ERCOT reported that wind generation in Texas was "producing significantly less," potentially leaving the state unable to meet power demands for triple digit temperatures.
New
With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners shut down operations in anticipation of the state's energy grid not being able to keep up with demand .
The Electric Reliability Council of Texas, or ERCOT, on Sunday called on Texas residents and businesses to conserve electricity with "record-high electric demand" expected on Monday. Electricity demand in Texas, due in part to air conditioners operating in extreme heat, could exceed available supply, according to ERCOT forecasts.
The utility's forecast model showed demand could hit an all-time high of 79,615 megawatts (MW). While energy costs in Texas in June would have been reduced due to increased wind and solar generation, ERCOT reported Sunday that wind generation was "producing significantly less than it has historically generated over the past this period" – less than 8% of capacity when demand was expected to be highest.
Many crypto miners in the Lone Star State have announced that they have already reduced or halted operations in anticipation of demand that the Texas energy grid may not be ready to handle. In an announcement posted on Twitter on Monday, crypto miner Core Scientific said it had shut down all of its ASIC servers located in the state until further notice "to provide relief to the people of Texas".
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