During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned approximately 1,500 megawatts of energy to the distressed regional grid. It ended up being possible due to the versatility of mining operations and the secondary services, offered by the state authorities.

In his commentary to Satoshi Action Fund, Texas Blockchain Council president Lee Bratcher stated that miners returned up to 1,500 megawatts to the Texas grid. This quantity of energy would suffice to heat “over 1.5 million little homes or keep 300 large health centers totally operational,” according to the computations from the Bitcoin advocacy group.

While there’s no spec regarding the precise time duration in which miners have collected such a quantity of power, the worldwide Bitcoin mining hash rate dropped by 30% on Dec. 24-25, 2022. Miners seemed the design individuals of ancillary services in the state, which stimulates consumers to reduce their usage throughout peak need in order to support the grid.Related: Public Bitcoin miningbusiness plagued with$4B of cumulative debt The winter storm in North America was so extreme

that it shut down Binance’s cloud mining products from Dec. 24-26. During the days leading up to Christmas, a”bomb cyclone”unleashed extreme temperature levels throughout the United States, leaving millions without electricity and declaring lots of lives.Back in March 2022, the Electric Reliability Council of Texas(ERCOT)established an interim process to make sure that new big loads, such as Bitcoin miners, can be connected to the ERCOT grid. Software application providers have also begun working with miners to ensure they have the tools required to properly make it possible for grid balancing. With its 14% share in Bitcoin hash rate, Texas is among the top states for Bitcoin mining

in the United States, in addition to New York (19.9%) , Kentucky(18.7 %)and Georgia(17.3%).