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Texas Crypto Miners Shuttering Operations as Winter Storm Approaches

• harikb 5y ago
  > As part of the grid operator’s emergency response service programs, the mines get paid when they volunteer to do this. “The miners are able to sell their power back into the grid to cover some of their losses for turning off,” Bratcher said. “Depending on the price of Bitcoin and the price of power, they may even make more from selling their power back than they would from mining during a demand spike.” This fulfills a long-held vision shared by miners, crypto advocates, and Sen. Ted Cruz