BTC miners in Texas provided electricity to 1.5 million homes

  • 14:50 Jan 11, 2023
BTC miners in Texas provided electricity to 1.5 million homes

The severe storm that hit the U.S. in December could have left many residents without electricity. But the flexibility of cryptocurrency mining operations and the timely response of government agencies helped solve the problem. As a result, 1,500 mW of power was returned to the local grid. 

According to Lee Bratcher, president of the Texas Blockchain Council, crypto-enthusiasts estimated that the amount was enough:

1,500 mW of energy is enough to power 1.5 million small homes or 300 large medical facilities. 

At the moment, it is impossible to establish the period during which BTC miners were able to accumulate so much energy. However, it is known that the hashing rate dropped by 30% on December 24-25. Thus, the cryptocurrency mining industry has become a perfect example of ancillary services to stimulate lower consumption during demand peaks to stabilize the network. 

The optimization of the non-deployment of BTC miners into the power system was conducted in Texas back in March 2022. At that time, timing processes were established to ensure that large consumers could be connected to the grid. 

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