According to a recent report, massive Bitcoin mining operations in Texas are back online. Bitcoin miners have been shut down for over a week at the request of the state government to prioritize vital services during the heat wave.
Bitcoin miners are back online.
L’Electric reliability Texas Commission (ERCOT)the Texas network operator, introduced earlier an electricity rationing policy to meet the demand for electricity caused by rising temperatures. ERCOT advises users to limit their intake ofEnergy
According to a recent Reuters report, the miners had resumed full-scale operations. The brief pause in mining activity negatively affected Bitcoin’s hash rate as reports of low asset prices caused miners to capitulate. In fact, the Bitcoin hash rate falls below 200 exhashes per second.
“The miners returned days ago. ERCOT returned to normal operating mode with more than 3,000 megawatts (MW) spare capacity in the network,” Lee said. Bratcherpresident of the texas blockchain Council.
Texas has become a mining center on the North American continentlarge mining companies take advantage of scarce energy resources. Leading companies like riot block chain, swimming pool Y geosyn Mining they have all made Texas their home for 2021. Furthermore, experts predict that the resumption of mining will push electricity consumption to new heights.
Bonus: Twitter gets a lawsuit against Elon Musk in October against the cancellation of the proposed acquisition.
The increase in the activity of minors wake up the concern of democrats
A group of Democratic lawmakers have written to the heads of the US Environmental Protection Agency and the Department of Energy. This in order to work together to regulate the growing crypto mining industry.
“State and federal regulators know very little about the scope of the problem. This is despite the severe environmental impact and energy consumption,” the lawmakers said.
Separately, they pointed to an independent study that revealed the energy needs of seven major mining companies to “energize every national home in Houston, Texas.” In New York, the growing demand for energy has forced theState to suspend all proof-of-work cryptocurrency mining for two years.
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