Crypto mines in Texas temporarily shut down to alleviate pressure on the state’s power grid during its heat wave this week.
The mines voluntarily powered down after the Electric Reliability Council of Texas (ERCOT) asked residents and businesses to reduce their consumption for a seven-hour period on Wednesday, according to a release from ERCOT.
The Texas Blockchain Council said that nearly all industrial-scale crypto mining powered down to fulfill ERCOT’s request, as reported by the Washington Post.
“Over 95% of industrial-scale bitcoin mines curtailed their power consumption during peak demand times over the past week,” Lee Bratcher, president of Texas Blockchain Council, told the Post.