Multiple mining operations reported they were voluntarily temporarily reducing operations during spikes in energy demand on a traditionally spotty grid.
reported Monday that ERCOT expects these crypto miners to increase demand by up to six gigawatts by the middle of next year, equivalent to the power of all homes in Houston. These miners have already agreed to ERCOT’s requests that they power down during hot spells, even if that means they mine less crypto than usual.back in June that despite how much power these companies might suck from the grid, they claim they’d have “sufficient generation to meet forecasted demand.
” Though you don’t have to look too far in the past to see how often the grid’sCompanies like Riot, which have operated in Texas since taking over the Whinstone US bitcoin mining company in 2021, often have heat on the mind. CEO Jason Les said in a recent response video to a Reddit AMA that they’re considering moving towardfor the rigs at its facilities, but that is always mitigated by the need to maintain efficiency and keep energy requirements in check.
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