1、 As a major winter storm descends on Texas, crypto miners are powering down operations to help ease the burden on the state’s already beleaguered power grid. Riot Blockchain has already shut down 99% of its operations at its Texas mine. Industry sources said the ice storm is completely different from the Texas ice storm in early 2021, with electricity prices temporarily only rising to 7-9 cents, compared to $9 at one point in early 2021. The industry expects to return to normal in the second week of February.
Global Crypto Mining News (Jan 31 to Feb 6)
Global Crypto Mining News (Jan 31 to Feb 6)
Global Crypto Mining News (Jan 31 to Feb 6)
1、 As a major winter storm descends on Texas, crypto miners are powering down operations to help ease the burden on the state’s already beleaguered power grid. Riot Blockchain has already shut down 99% of its operations at its Texas mine. Industry sources said the ice storm is completely different from the Texas ice storm in early 2021, with electricity prices temporarily only rising to 7-9 cents, compared to $9 at one point in early 2021. The industry expects to return to normal in the second week of February.