Texas has been under warnings of rolling blackouts most of the year,
which coincides with China kicking the miners out last year.
It’s simple supply&demand as has been explained to you many times. Miners build energy infrastructure and when there’s high demand in the grid, it will be more profitable to give power to the grid than to mine Bitcoin. So
miners just turn off their machines and help the power infrastructure out. Over 1000 megawatts can already be put into the texan grid like this dynamically, simply when needed. 1000 megawatts gives us 1.000.000 kW, this are 24.000.000 kWh in a day, the average texan household uses 39.2 kWh in a day
1. So it can power an additional 612.244 households when needed, doesn’t sound like something negative to me. We could actually need more of this. Even if the electricity usage is much higher in summer for the average household, there’s still a lot of people helped out trough Bitcoin mining infrastructure, even if it was just half of that in summer. No need to develop energy phobias and to become hysterical. Extension of energy infrastructure is actually what will help the grid out, and Bitcoins incentives is what makes this possible in an uncomplicated way.
[1]
https://www.texaselectricityratings.com/blog/what-is-the-average-daily-kwh-usage-per-household-in-texas/Bitcoin Miners Successfully Stabilize the Texas Grid
for a heat wave that is expected to push the power grid near its breaking point.
Texas has become one of the largest hubs by computing power in the world. Hosting companies like Riot Blockchain Inc, Argo Blockchain Plc, and Core Scientific Inc operate millions of energy-intensive computers specifically made to secure the Bitcoin network.
Over 1,000 megawatts worth of Bitcoin mining turned off their machines in response to ERCOTs energy conservation request. Lee Bratcher, president of the Texas Blockchain Council responded to Bloomberg in an email. "This represents nearly all industrial scale Bitcoin mining load in Texas and allows for over 1% of total grid capacity to be pushed back onto the grid for retail and commercial use."
Bitcoin miners are expected to see a drop in profitability since the heat wave will send energy prices soaring. Miners are reportedly already struggling to repay debt and raise additional capital from the recent Bitcoin price decline.
Core Scientific CEO Mike Levitt said, “In troubled situations including the current Texas heat event, we have been curtailing power and will continue to curtail power as needed.” The company operates in six states, with less than 15% of its production located in Texas, he said.
Marathon Digital Holdings commented in a Tweet that Bitcoin miners are a non-rival buyer of energy that can modulate demand as needed which helps stabilize the grid.
And as you can see here, that’s exactly what’s happening.
Do you have the ability to reason?
If so you realize the reason the miners stabilized the power grid was
they turned off their miners,
which means the action of keeping them on,
destabilized the power grid.
You are giving them credit for
momentarily stopping their overuse of the grid power,
Which they have already restarted, draining the grid.
If your miners actually built power plants, as you claim, why are they needing to hook up to the grid.
If they did not suck the power from the grid, but remained isolated , they would be of little concern.
Like I said earlier.
The only way to make Proof of Waste energy efficient is to turn it off. The mistake is letting the miners turn it back on.
Funny how you totally missed the following:
https://www.theverge.com/2022/7/14/23206795/bitcoin-crypto-mining-electricity-texas-grid-energy-bills-emissionsAll of that brings us back to the crypto boom in Texas.
“There are over 27 gigawatts of crypto load that is working on interconnecting over the next four years,” the unnamed ERCOT spokesperson said.
That’s an “astronomically impossible” load to add to the grid in that short timeframe,
according to Joshua Rhodes, a research associate at the University of Texas at Austin.
“There’s no way we could do 27 gigawatts of crypto [in four years]
... that would put too much stress on the system too fast,” says Rhodes.
“We barely have the power plants to cover today,
But you being a btc cultist, I can see why reality escapes you.
What people need to get through their heads,
It is not PoW vs PoS,
PoS won years ago, as one can easily tell from the lack of new PoW coin designs and the numerous new PoS designs.
It is PoW vs People right to use
affordable energy.
PoW vs Having an Air Conditioner
PoW vs Having electric Heat
PoW vs Having Lights
PoW vs Having Hot Water/Cook Food
PoW vs Playing Video Games
PoW vs Having Freezer/Refrigerator
PoW vs Basically anything else using electricity
Which is why PoW is a dead end, because eventually it prevents people from using energy for anything else.
How are the btc cultist going to spin it , when the BTC PoW miners cause a grid collapse,
and a multitude of people die in Texas because of pure PoW miner's greed.
It will be good if the PoW ban happens before that scenario happens, but odds are currently 50/50,
that Texans die needlessly for PoW miners greed.
FYI:
https://energsustainsoc.biomedcentral.com/articles/10.1186/s13705-019-0199-yIn testimony before a Congressional Committee, it has been asserted that a prolonged collapse of this nation’s electrical grid—through starvation, disease, and societal collapse—could result in the death of up to 90% of the American population [1].
FYI2:
https://www.change.org/p/no-to-riot-bitcoin-mine-in-navarro-countyNavarro County/ Corsicana TX is looking to allow an industrial Bitcoin Mining operation to move here & use our resources.
We do NOT want this enormous burden on our already fragile infrastructure.
We do not want the increase in water and electricity bills.
We do not want the increase in environmental temperature in the immediate vicinity of the factory-that-produces-nothing.
We do not want the noise pollution that 500,000 computers running 24-7 will produce.
We do not want our county to facilitate in the illegal activity Bitcoin is used for, such as money laundering, child, human and sex trafficking, tax evasion and drug trafficking.
WE. DO. NOT. WANT. THIS. FACILITY. IN. NAVARRO. COUNTY.
This is NOT a done deal.
We have the power & authority to deny access to our municipal water supply.
We're in a drought and already experience brown-outs during the summer months.
This factory-that-produces-nothing will affect every single citizen of Navarro County and MUST BE STOPPED!
Like I said , it is PoW vs People.
Which is why the banning of PoW is a future guarantee.
