Why Are Crypto Miners Preparing for the Fall?

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Crypto miners are bracing for what could be a volatile weekend in the US as heavy rains brought extreme heat and blackouts to many cities. The National Weather Service reported blizzard conditions and “Arctic Blast” from the Midwest to the Northeast. Crypto miners are bracing for what could be a volatile weekend in the US as heavy rains brought extreme heat and blackouts to many cities.

“Please be prepared for some ups and downs this weekend as we experience heavy rain,” Neil Galloway, mining operations manager at Compass Mining, said on Twitter, adding that the sites in Texas not online. “Because the miner is offline, people can heat their homes and cook.”

Riot Blockchain says it is closing its Rockdale, Texas office due to extreme weather conditions. Core Scientific, which filed for bankruptcy earlier this week, said it will “participate in multiple power outages to help stabilize the power grid.”

Crypto Miners

“BTC production is expected to decrease during this period,” the company said on Twitter. The National Weather Service reported blizzard and “Arctic Blast” conditions from the Midwest to the Northeast, with snow affecting lakes around the Great Lakes region.

Temperatures will be 25 to 35 degrees below average for areas east of the Rockies and Appalachians, while warm air will create “dangerous cold air” in the central and eastern United States through the weekend. holiday. “In some areas, wind gusts could reach or exceed 60 MPH, causing damage and outages.” the company said. “These winds on top of the current snow cover will cause blizzards on the ground.”

PowerOutage.us, a website that tracks power outages in the United States, has already reported that hundreds of thousands of customers were without power Friday afternoon. Outbreaks appear to be worst in Maine, New York, Pennsylvania, Virginia and North Carolina.

A Tennessee company told customers to cut back on consumption, while some Twitter users said the sale was spotty. One worker wrote: “Crypto Miners, the fire will go on again, saying the temperature dropped to -4 degrees Fahrenheit. “Yes, that’s 5 minutes at $1.12 / kWh.”

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