Extreme weather hits: How do Bitcoin miners cope with grid pressure?

Question

【Blockchain Rhythm】 Recently, this topic has been on our radar: North America is about to face a series of severe winter storms. According to weather forecasts, this storm is quite massive, spanning over 1,800 miles from western Texas to the mid-Atlantic coast, and is expected to impact over 60 million people.

It looks like Bitcoin miners will once again face a test. Historically, whenever extreme weather impacts the power grid, miners have proactively reduced their operational power to support grid stability. The 2022 Texas storm is an example, where local miners voluntarily cut back their activities, showing a sense of responsibility.

Interestingly, as extreme weather events become more frequent, this balancing act will become more complex. Especially considering the large-scale integration of renewable energy sources like solar and wind, the volatility of the power grid may increase further. Environmental researcher Daniel Batten pointed out that Bitcoin mining in the future will need more flexible load regulation capabilities. In other words, mining should not only pursue profits but also learn to be a “good neighbor.”

gm_or_ngmi · Accepted Answer

Here we go again, this time it depends on how miners save themselves

Reducing mining power to save the power grid sounds like being forced to operate

Did miners really voluntarily cut production during the Texas storm? I feel like they were just being forced

Extreme weather is becoming more frequent, and miners' days are probably getting harder and harder

The fluctuations in renewable energy grid integration—using Bitcoin mining as flexible load? Can this technology keep up?

Where is the value in miners' responsibility? Ultimately, it's all about利益博弈 (interest game)

Flexible regulation sounds easy, but in actual operation, how much hash power needs to be sacrificed?

Grid stability vs. mining revenue—how to solve this dilemma?

Rekt_Recovery · Answer

ngl this grid pressure thing hits different when you've actually been liquidated watching your miners go offline lol... anyway, miners voluntarily cutting power? that's giving responsible vibes but also sounds like copium when extreme weather keeps getting worse, tbh

WhaleWatcher · Answer

Here we go again, this time miners need to voluntarily reduce power... But honestly, can they really be self-aware?

AllInAlice · Answer

Miner voluntarily reducing power to support the grid? That sounds good, but behind it is still about maintaining social image and continuing to issue mining permits...

BlockchainNewbie · Answer

The miners in Texas were really quite disciplined that time, but now with these increasingly frequent extreme weather conditions, it seems the strain on the power grid will be even greater in the future.

HappyMinerUncle · Answer

Miner voluntarily reducing power to support the grid? That's a nice way to put it, but actually it's just being forced, let's save some words.

AllTalkLongTrader · Answer

Coming back to this? Voluntary reduction in mining by miners shows responsibility, but what about when they are frantically mining and polluting the environment during normal times?

MerkleDreamer · Answer

Miner voluntarily reducing power to support the grid? Sounds pretty warm, but is this deal really worth it...

FarmToRiches · Answer

Miners are about to be hijacked by the power grid again, voluntarily reducing production at critical moments... It's called responsibility in nice words, but in harsh words, it's helpless coercion.

Extreme weather hits: How do Bitcoin miners cope with grid pressure?

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