Consider the possibility that YOU WERE PAID FOR… NOT MINE BITCOIN. THE IDEA THAT COMES FROM TEXAS

Consider the possibility that YOU WERE PAID FOR… NOT MINE BITCOIN. THE IDEA THAT COMES FROM TEXAS

To dig or not to excavate, that is the question. Digging Bitcoin (BTC) is a very worthwhile activity, as long as you have optimized your electricity costs. But, with this scorching summer, not digging BTC has brought in a bigger recovery! Indeed, the Texas power grid has suffered from such a lack of electricity in recent months, that many crypto-miners have benefited more from reselling their creation of electricity, rather than using it to sell. mine bitcoins.

BITCOIN MINERS HELP OVERCOME ELECTRICITY DEMAND PEAKS

We already knew that the crypto-mining company Riot Blockchain had won $9.5 million in energy credits in July. In fact, she sold her electricity instead of using it for her bitcoin mining machines.

But it turns out it's flanked by being the only crypto company to help get through a rough patch. Indeed, the violent heat wave that hit Texas caused the electricity consumption meters of this American state to panic. A historic record of 80,000 MW (megawatts) has even been reached.

As The Block reports in particular, in addition to Riot, other crypto miners have preferred to slow down their creation of bitcoins, to make life easier for the Electric Reliability Council of Texas, or ERCOT (for The Electric Reliability Council of Texas). ).

Hence, Argo Blockchain professes to have taken part in a decrease of in excess of 1,000 MW popular from crypto excavators. As far as concerns them, the organizations Marathon and Core Scientific have affirmed that they are prepared to take part in the ERCOT's power request decrease program from here on out, as a trade-off for delicious energy credits against their power (ordinarily devoted to crypto-mining so).

A long way from being fillers, BTC diggers have demonstrated to be significant and understanding guides in assisting Texas with defeating its power supply difficulties. It even ended up being gainful together, since the energy credits acquired made it conceivable to redress (to some extent) for the misfortunes because of the rough fall in Bitcoin costs.