ERCOT RSS Feed

How #Texas Bitcoin miners kept raking in profits during crypto’s crash: The grid is paying them to shut down

How Texas Bitcoin miners kept raking in profits during crypto’s crash: The grid is paying them to shut down Over the past few years, Bitcoin miners have flocked to Texas, enticed by cheap and readily available power. (You can read about how the state is becoming the Bitcoin mining capital here.) But this summer there’s … Continue reading How #Texas Bitcoin miners kept raking in profits during crypto’s crash: The grid is paying them to shut down

Don’t Mine Me: ERCOT Requirements May Slow Texas’ New Crypto Currency Mining Operations

Don’t Mine Me: ERCOT Requirements May Slow Texas’ New Crypto Currency Mining Operations As Texas positions itself to become the world’s newest bitcoin mining hub, the Electric Reliability Council of Texas (“ERCOT”) has recently taken actions that may stall the integration of new cryptocurrency mining operations within the state. Apprehensions about the potential impacts of … Continue reading Don’t Mine Me: ERCOT Requirements May Slow Texas’ New Crypto Currency Mining Operations

ERCOT asks Texans to conserve power during peak hours through the weekend

ERCOT asks Texans to conserve power during peak hours through the weekend HOUSTON – On Friday afternoon, ERCOT asked Texans to conserve power by setting their thermostats at 78-degrees or above and avoiding the usage of large appliances during peak hours this weekend. The ask to conserve power comes after ERCOT said six power generation … Continue reading ERCOT asks Texans to conserve power during peak hours through the weekend

As ERCOT Pushes Energy Conservation, Some Fear Crypto Biz Could Tank Texas’ Faulty Power Grid

As ERCOT Pushes Energy Conservation, Some Fear Crypto Biz Could Tank Texas’ Faulty Power Grid Texans were asked to conserve energy during a warm spell last month, and this summer could break temperature records. Now, just a day into June, many Texans are already praying that the state’s power grid can handle the heat. Meanwhile, … Continue reading As ERCOT Pushes Energy Conservation, Some Fear Crypto Biz Could Tank Texas’ Faulty Power Grid

ERCOT observers warn of increased generation forced outages with rule change

ERCOT observers warn of increased generation forced outages with rule change The Electric Reliability Council of Texas Board of Directors’ vote for a more restrictive generation outage scheduling rule change against the overwhelming opposition of stakeholders drew harsh criticism April 29 from industry observers — one describing it as “government intervention at its most meddlesome.” … Continue reading ERCOT observers warn of increased generation forced outages with rule change

#Crypto miners in #Texas will be using as much energy as the city of #Houston by mid-2023, ERCOT says

Crypto miners in Texas will be using as much energy as the city of Houston by mid-2023, ERCOT says The Texas power grid might struggle with sub-zero temperatures, but state regulators are aiming to ensure it’s prepared for a downpour of cryptocurrency mining businesses relocating to the Lone Star State in search of a deregulated … Continue reading #Crypto miners in #Texas will be using as much energy as the city of #Houston by mid-2023, ERCOT says