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Crypto miners in Texas shut down operations as state experiences extreme heat wave

ERCOT reported that wind generation in Texas was “generating significantly less," potentially leaving the state unable to meet energy demands during triple-digit temperatures.

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Bitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower

Bitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show the hashrate has slipped from 243 exahash…

Continue ReadingBitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower

Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate

According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of…

Continue ReadingBiden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate

Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility

According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply…

Continue ReadingBitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility