During the days leading up to Christmas, a 'bomb cyclone' unleashed extreme temperatures across the United States, leaving millions without electricity and claiming dozens of lives.
) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities.to Satoshi Action Fund, Texas Blockchain Council president Lee Bratcher stated that miners returned up to 1,500 megawatts to the Texas grid. This amount of energy would be enough to heat “over 1.
While there’s no specification regarding the exact time period in which miners have accumulated such an amount of power, the global Bitcoin mining hashrate on Dec. 24-25, 2022. Miners appeared to be the model participants of ancillary services in the state, which stimulate customers to reduce their consumption during peak demand in order to stabilize the grid.
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