How extreme Texas weather impacts the bitcoin mining industry

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How extreme Texas weather impacts the bitcoin mining industry By Quopius

When most people consider what it takes to run a successful bitcoin mining operation, the price of the digital asset or the availability of so-called mining rigs come to mind.of The Scoop, Marathon CEO Fred Thiel talked through the logistics of Marathon’s new West Texas plant, including how extreme weather conditions affect miner productivity.

“If it's 105 degrees in Austin, I bet you there's a lot of air conditioning running and it's running 24/7 versus just between 4 and 9. And then, in the opposite weather conditions, when it's really cold, people are running their heaters.” Marathon has a contract with the Electric Reliability Council of Texas through which its mining operations can be temporarily halted if the grid needs more power:

The impact of weather was on display this week with high temperatures in Texas leading to record-breaking usage of power.by The Block, many Bitcoin miners in the state have set agreements with ERCOT to power down at peak energy demand times. Advocates say this kind of flexibility can be an asset to the grid.

 

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