Business

Large Bitcoin miner in Texas closed for winter weather

Photo: ANP

The large bitcoin miner Riot Blockchain has largely shut down its activities in the US state of Texas in order to save power due to the approaching winter weather. The mining of crypto coins consumes a lot of electricity. Last year, Texas was hit hard by winter storms, resulting in major power outages.

Riot Blockchain has now almost completely shut down power to its Whinstone facility near Austin. The facility uses as much power as 60,000 Texas homes. The southern state is popular for digital coin miners because of its cheap power supply. The crypto service provider Compute North has also announced that it may shut down its Texas location in order to save power.

In February last year, severe freezing temperatures and heavy snowfall caused huge problems in Texas as large parts of the state were left without power, resulting in deaths. For example, the sizeable oil industry in Texas was hit hard. Then, too, the Whinstone facility was shut down. The Texan authorities say things should be better now. According to the state, preparations have been made to prevent major power outages.



Large Bitcoin miner in Texas closed for winter weather
Source link Large Bitcoin miner in Texas closed for winter weather

Back to top button