Texas Bitcoin Miners Turn Off to Conserve Power for the Grid
AUSTIN, Texas, May 14, 2022 /PRNewswire/ -- The Texas Blockchain Council, a trade association representing the bitcoin mining industry in Texas, announced today that the bitcoin miners responded to the conservation notice that was issued by ERCOT yesterday.
- AUSTIN, Texas, May 14, 2022 /PRNewswire/ -- The Texas Blockchain Council, a trade association representing the bitcoin mining industry in Texas, announced today that the bitcoin miners responded to the conservation notice that was issued by ERCOT yesterday.
- Some facilities shut down while many will ramp down in the afternoons this weekend when power is in high demand but then turn back on overnight when demand subsides.
- "Bitcoin miners can turn off within just a few seconds which makes them a perfect resource for the grid regarding frequency balancing and demand response."
- Miners that were already enrolled in ancillary services within ERCOT are standing ready to power down at ERCOT's direction.