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Author Topic: Texas bitcoin miners halt operations to save energy during heat wave  (Read 452 times)
NotFuzzyWarm
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September 08, 2023, 03:30:47 PM
Last edit: September 08, 2023, 10:26:25 PM by NotFuzzyWarm
 #21

Bitcoin miners in Texas (Riot Blockchain, Argo Blockchain and Core Scientific) have suspended operations and answered the call to conserve energy and spare the Lone Star State’s fragile power grid as demand has soared during an intense heat wave.
“There are over 1,000 megawatts worth of Bitcoin mining load that responded to ERCOTs conservation request by turning off their machines to conserve energy for the grid.” Lee Bratcher, president of Texas Blockchain Council told Bloomberg.

more details: https://nypost.com/2022/07/13/texas-bitcoin-miners-halt-operations-to-save-energy-amid-heat-wave/
My own question is, are there laws available for miner to generate their own electricity just so that they could power the mining farms?
Because given the amount of energy been consumed by mining firms, it is best advised they generate their electricity so the Texas government could conserve energy for the rest of the people.
Laws are not created for folks/companies to do things - laws are to prevent things. That said, as long as one follows applicable regulations anyone can generate as much power as they want (at least in the US).

Read my reply right above yours for the reason ERCOT and the mega farms have usage agreements in place. In more than 1 way the farms *are* paying for the power capacity needed. More important, with a known and well paying market (mining) that will take all they power they can get they give ERCOT a huge incentive to add more solar/wind generation to not only feed said market when conditions are right (good weather) but also have the miners shed a large part of their load when needed so the power can be used elsewhere in the state. There very few major power consuming industries that can do that. Win-win for all involved.

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spectre71
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September 08, 2023, 08:00:42 PM
 #22

Also keep in mind a good potion of that power is not for mining but for cooling.


I am unaware of any air conditioned farms of scale in Texas. I am aware of forced air and passive cooling via water wall much like a swamp  cooler.  Some water pumps as % are a small fraction of consumption. They are very unlike a traditional datacenter.
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September 08, 2023, 08:05:59 PM
 #23

Check this out. Wade through the begin until you get to Riot CEO

https://www.youtube.com/watch?v=4jGfUKhShRo
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September 09, 2023, 04:38:17 PM
 #24

Check this out. Wade through the begin until you get to Riot CEO

https://www.youtube.com/watch?v=4jGfUKhShRo


 It is from last summer 2022.  and yeah they will do this in conjunction with the grid.

 Eventually they will put guys like me out of business.
They will grow the grid which means more diff which means I will likely go out of business in a year or two or three.
Not because of losing money as my power is cheap so I will earn money. But I will earn less money which will make the effort not worth it.


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May 31, 2024, 04:28:40 PM
 #25

Bit of a necro bump but: https://www.mysanantonio.com/news/austin/article/texas-power-outages-19483769.php

Quote
Texas ranked second out of the 50 states at the highest risk of experiencing power outages during the summer, according to a new study released by Houston-based utility company Texas Electricity Ratings. Topped only by Michigan, the Lone Star State experienced nine power outages totaling more than 71 hours without electricity last summer, which doesn’t bode well for the extreme temperatures we could see in the coming months.

Going to be interesting to see how this plays out. Due to Texas having it's citizens / other businesses subsidize miners when they have to turn off to protect it's fragile over stressed grid it might be another good summer for them while they get paid to do nothing.

-Dave

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NotATether
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May 31, 2024, 04:53:54 PM
 #26

Bit of a necro bump but: https://www.mysanantonio.com/news/austin/article/texas-power-outages-19483769.php

Quote
Texas ranked second out of the 50 states at the highest risk of experiencing power outages during the summer, according to a new study released by Houston-based utility company Texas Electricity Ratings. Topped only by Michigan, the Lone Star State experienced nine power outages totaling more than 71 hours without electricity last summer, which doesn’t bode well for the extreme temperatures we could see in the coming months.

Michigan is not connected to the national grid either? Or do they just have really bad outdated electrical infrastructure?

NotFuzzyWarm
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May 31, 2024, 06:41:03 PM
Last edit: May 31, 2024, 07:10:14 PM by NotFuzzyWarm
 #27

Michigan is not connected to the national grid either? Or do they just have really bad outdated electrical infrastructure?
Both are wrong.
Yes we're connected to the grid but with both parts of the state being surrounded on 3 sides by water means only the bottom of the state (Lower Peninsula) is easily tied to the grid. The Upper Peninsula is also connected only on 1 side. Most other states have many more connections to the grid from multiple sides of the state.

That said, outages here are by no means statewide so I've no idea what they are talking about. For the past couple decades or more all outages here are very localized, usually perhaps a few hours long, very occasionally a couple days long so connections to the grid has nothing to do with it.

As the article says:
Quote
The study found that severe weather, like thunderstorms, caused 80% of U.S. power outages between 2000 and 2023. Power outages are often caused by downed power lines, fallen tree limbs and strong winds
same here. We just have a LOT more trees that take down power lines...

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome!  3NtFuzyWREGoDHWeMczeJzxFZpiLAFJXYr
 -Sole remaining active Primary developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
DaveF
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June 01, 2024, 11:36:27 AM
 #28

Michigan is not connected to the national grid either? Or do they just have really bad outdated electrical infrastructure?
Both are wrong.
Yes we're connected to the grid but with both parts of the state being surrounded on 3 sides by water means only the bottom of the state (Lower Peninsula) is easily tied to the grid. The Upper Peninsula is also connected only on 1 side. Most other states have many more connections to the grid from multiple sides of the state.

That said, outages here are by no means statewide so I've no idea what they are talking about. For the past couple decades or more all outages here are very localized, usually perhaps a few hours long, very occasionally a couple days long so connections to the grid has nothing to do with it.

As the article says:
Quote
The study found that severe weather, like thunderstorms, caused 80% of U.S. power outages between 2000 and 2023. Power outages are often caused by downed power lines, fallen tree limbs and strong winds
same here. We just have a LOT more trees that take down power lines...


I know years ago (like the 80s and early 90s) there was talk of an underwater cable through one of the lakes between Michigan and Wisconsin and Canada did that ever happen? Not important to this discussion but it seemed like a good idea at the time can't find anything about it.

Back to this, one of the (many) issues the TX grid has is the size of the state and the way the population is dispersed. Yes, there are a lot of people, but it's a big state and outside of a few areas it has low population density. Taking NY as the counter it has 10 million less people 20 million in NY vs 30 million in TX but most of the NY people are in the downstate area so 15 of those 20 are in the NYC / Long Island area so when it was discovered how bad the grid was downstate although it was a large expense it was contained. Even if TX wanted to fix their grid, the cost of doing it to the level of where it should be would be so much more due to the amount of area needed to be covered.

-Dave

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NotFuzzyWarm
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June 01, 2024, 11:43:58 PM
Last edit: June 02, 2024, 01:53:18 AM by NotFuzzyWarm
 #29

Per this map of US transmission lines it doesn't look like it. (zoom out then scroll around then zoom back in) The only 'wet' link is through Windsor & Sarnia Canada under/over the Detroit river to Detroit and Port Huron.

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome!  3NtFuzyWREGoDHWeMczeJzxFZpiLAFJXYr
 -Sole remaining active Primary developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
FP91G
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June 02, 2024, 06:12:25 PM
 #30

US Senator Ted Cruz has long been a crypto supporter. He has vocally been a pro-crypto legislator. Yesterday, he announced his purchase of three Bitcoin miners as he set up operations in Iraan, Texas.

He shared the news on X, saying, “I’m proud to join the ranks of Texas Bitcoin Miners,” along with a picture of the mining setup. Marathon Digital CEO Fred Thiel praised Cruz’s move, welcoming him to the Bitcoin mining community and emphasizing his role in improving network security.
https://x.com/tedcruz/status/1796660168781955314

https://www.msn.com/en-us/money/markets/senator-ted-cruz-buys-3-bitcoin-miners-launches-operations/ar-BB1ntOS3

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