Bitcoin Miners in Texas Switch off 1,000 MW of Electricity Load
Bitcoin mining farms in Texas responded to ERCOT’s request by taking off 1,000 MW of electricity load for retail and commercial use.
Bitcoin mining farms in Texas responded to ERCOT’s request by taking off 1,000 MW of electricity load for retail and commercial use.
Falling Bitcoin prices are forcing miners to liquidate their BTC reserves to cover constant operational expenses like electricity costs.
The Norwegian parliament has shot down a proposal to ban Bitcoin and cryptocurrency mining, a relief for crypto miners in the country.
Roughly 20 percent of the total Bitcoin hash rate comes from China despite tough restrictions on crypto mining and trading.
Texas plans to allocate 25 GW of electricity to Bitcoin and crypto miners as it becomes a major mining hub with favorable laws.
Forth Worth in Texas is the first city government in the U.S. to officially mine Bitcoin, endorsing the world’s most valuable cryptocurrency.
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© 2022 Block Magnates, Inc. All rights reserved.