• The recent ice blizzard that passed through Texas caused domestic BTC miners to halt activities for a while.
• Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to the extreme weather conditions.
• Some miners had to switch off their machines to preserve the local power grid and protect their equipment from the cold weather.
Texas Bitcoin Miners Affected by Ice Blizzard
The recent ice blizzard that passed through Texas has caused major disruption among domestic Bitcoin (BTC) miners, who were forced to halt activities in order to preserve the local power grid and protect their equipment from the cold weather.
Impact on Local Miners
Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to the extreme weather conditions. Can Zhao – CMO of JDK Capital – explained how this affected his company: „The duration of curtailments is about six hours a day, starting from Monday. We are seeing a 25% loss in computing power compared to a normal day for the site.“ Lee Bratcher – President of Texas Blockchain Council – said the worst-affected entities were the miners with mobile containers, „many of which were not designed to be weather-proof for the winter storms.“
Christmas Blizzard Also Damages Equipment
Texas had also endured another blizzard around Christmas, where one of its leading BTC miner Argo Blockchain reported damage on some of its equipment. This further highlights how vulnerable these operations can be when facing extreme weather conditions such as those seen recently in Texas.
Power Grid Curtailment Enforced
Due to these disruptions, authorities have enforced curtailment of electricity in some areas across Texas; this may provide some relief but will still lead to significant financial losses for those running mining operations across the state.
In conclusion, it seems like extreme weather conditions can cause significant problems for Bitcoin miners located in certain areas; this highlights once more how vulnerable these operations can be when facing natural disasters or other unexpected events. It is important that they take measures ahead of time in order to ensure continuity and avoid costly disruptions such as those seen recently in Texas.