They shut down temporarily to avoid overloading the electric grid in Texas.
The Electric Reliability Council of Texas, or ERCOT, asked Texans to reduce their energy use on Monday in order to prevent power failures during a heat wave. In addition to causing record energy demand for the state, the agency's said that the heat has also knocked out some of the state's renewable energy options.
In order to prevent pricing spikes for other residents and to reduce consumption per ERCOT's request, miners voluntarily shut down.
We owe it to the miners to make sure Texas residents have access to power. Since 2015, the EPA says heat-related deaths have risen in the US.
In the last couple of years, people have become aware of how bad the technology can be. When mining rigs buy up gas-powered power plants, there's no argument about it.
This is a good time to pause a coin mining operation. The market for cryptocurrencies has been in a tailspin over the past month.
We live in a world where 1 percent of a state's power usage is controlled by cryptocurrencies. It could be an opportunity for the industry to rehabilitate its reputation if it were to solve real problems that affect people.
NASA officially unveiled the first set of James Webb images.
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