Due to the storm expected this week in the State of Texas, which is thought to affect the electricity providers of the region, crypto miners in the region started to stop operations.
After the ban on crypto mining in China, approx. 36% Hash Rate (The processing power in the Bitcoin network is expressed in Hash Rate).
In recent months, the low energy costs of the State of Texas have increased the activity rates of miners in the region. They announced that they will reduce their energy consumption in order not to cause a power outage like Texas experienced in 2021 with the expected winter storm.
Some of the miners also reported that they would benefit from government incentives to reduce their use of force.
one of the largest miners in North America Riot BlockchainAlready use energy at Whinstone facility in Rockdale. 98-99% reported to be reduced.