Texas suspends BTC mining amid heatwave

Crypto miners in Texas are suspending operations amid a heatwave to prevent excessive power demands on the state’s electrical grid.

Nasdaq-listed miner Core Scientific took to Twitter to make the announcement. “To provide relief to people in Texas, ALL of Core Scientific ASIC servers located in the state have been powered down. Core Scientific’s ASIC servers in Texas comprise less than 15% of our footprint and will remain powered down until further notice.”

At the start of the week, local residents were urged by the Electric Reliability Council of Texas to conserve electricity, according to local television KBTX.

London-headquartered miner Argo Blockchain responded to the council stating its facility would help cut back on power by limiting the usage in Dickens County, Texas.

Weather conditions have an impact on mining operations universally, last month Bitcoin miner Marathon Digital suspended three-fourths of its mining operations in Montana due to the effect of a storm causing power outages.

In June, Japan pulled the plug on crypto mining to reduce stress on its electrical grid as it entered a season of increased demand after China banned mining in its country.

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Source

Updated: 07/12/2022 — 13:00