​The Cold Winter in Texas Surprised Crypto Miners As reported | CoinQuest

​The Cold Winter in Texas Surprised Crypto Miners

As reported by Bloomberg, the ice storm that hit “the Lone Star State” damaged some of the equipment of the domestic bitcoin miners. Electricity consumption surged significantly due to the low temperatures, and those firms had to temporarily shut their businesses to protect the energy network.

The weather is still surprisingly cold in Texas, and the authorities enforced curtailment of electricity in some areas. Can Zhao – CMO of JDK Capital – explained how this affected his company:

“The duration of curtailments is about six hours a day, starting from Monday. We are seeing a 25% loss in computing power compared to a normal day for the site.”

Lee Bratcher – President of Texas Blockchain Council – said the worst-affected entities were the miners with mobile containers, “many of which were not designed to be weather-proof for the winter storms.”

Texas had to endure another blizzard around Christmas. One of the leading BTC miners in the region – Argo Blockchain – said the weather conditions significantly diminished its production power. It mined only 147 bitcoin in December, compared to 198 BTC in November.