Advertisement

Bitcoin miners in Texas are breaking new ground

bitcoin
Advertisement

Chad Harris, the CEO of Whinstone Inc., which operates North America’s largest bitcoin “mine,” recalls one of the last times Texas’ electric power crisis is now also his problem.

It was in June, and the temperature in the evening had risen to roughly 94 degrees, significantly higher than the state’s average for that time of year.

Texans were cranking up their air conditioning, putting a strain on the state’s grid, which had already failed for days during a cold spell in February, was exhausting.

“We just got a text saying, The power grid needs support. Please curtail now,’ ” Harris said while standing outside the company’s mining center at an old Alcoa aluminum facility about six miles outside this Central Texas town.

Instantly, Whinstone’s system went offline. The tens of thousands of computer servers that spin away generating bitcoin inside three long buildings simply stopped. “With the flip of a switch, we turned this off,” Harris said.

Advertisement

Also Read

Bitcoin is better than gold, Steve Wozniak

Steve Wozniak, Apple's co-founder, was present at the Jalisco Talent Land Digital...

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Gold Rate in Saudi Arabia Today – 6 May, 2024
SAR TO PKR and other currency rates in Pakistan– 06 May 2024
AED TO PKR and other currency rates in Pakistan – 06 May 2024
Gold Rate in Qatar Today – 6 May, 2024
Currency Rates in Pakistan – Euro, Dollar, Pound on May 06, 2024
Gold Rate in Kuwait Today – 6 May, 2024
Next Article
Exit mobile version