Bitcoin miners say they're helping to fix the broken Texas electric grid — and Ted Cruz agrees

For one, the Texas grid functions as its own isolated and deregulated electrical island. Unlike the rest of the continental U.S., which belongs to either the Eastern or Western interconnection , 90% of Texas runs on ERCOT. This means ERCOT cannot quickly turn to neighbors for help when large generators trip offline or renewables do not deliver as expected. This can prove especially problematic when there's a natural disaster, like the winter storm in early 2021.

This is where bitcoin mining comes into play. Miners function as "interruptible load," meaning they are able to turn off all of their machines with a few seconds' notice when the grid is in a pinch and needs the extra power. Bitcoin has no uptime requirement, nor is the gear worn down by regularly powering off and on.

Even bitcoin miners that haven't cut a deal with ERCOT sometimes voluntarily power down at times of peak consumption when prices shoot higher.Lancium is building bitcoin mines where wind and solar are abundant and the transmission system is constrained, meaning that power wants to flow down the line, but the lines are full.

McNamara tells CNBC the net effect of this is retiring coal and gas faster, while rapidly adding wind and solar at the same time, essentially making bitcoin mining a fundamentally decarbonizing technology.For years, oil and gas companies have struggled with the problem of what to do when they accidentally hit a natural gas formation while drilling for oil. Whereas oil can easily be trucked out to a remote destination, gas delivery requires a pipeline.

But flares are only 75% to 90% efficient, according to Adam Ortolf, who heads up business development in the U.S. for Upstream Data, a company that manufactures and supplies portable mining solutions for oil and gas facilities. "Even with a flare, some of the methane is being vented without being combusted," he said.Ortolf says that when the methane is run into an engine or generator, 100% of the methane is combusted and none of it leaks or vents into the air.

How? By overloading an already compromised grid?

Doing good to one side without thinking that they are hurting the other is cringe

Lies!

oh my, who would've believed BTC can help society that much? *cough* its just the tip of the iceberg

Greaseball

Ted makes Cents when he has to. Great Job, can you make me some Tacos Ted. You are our Servant? We Vote for Ted's Taco's with Jesus's Recipes... tedcruz Texas Mining their own Business... Crypto IOHK_Charles

Demand would promote supply. Basic economy.

BitcoinMagazine saylor

Hi

Only in Texas could they come up with such a dumb idea. How about you just pump water uphill when there is extra and let it flow down and generate electricity when you need more? No, lets just piss it away and destroy the environment on useless blockchain mining...

Dear tedcruz , either you have been bought by the crypto industry or you cannot think straight. How can anything that does not generate any measurable utility but providing a pastime for lonely young men fix a broken grid?

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oops ..... since when have Bitcoin miners been social? After all, we now know a source of money from Teddy🐻

tedcruz wanted to send u a quick thanks for representing the cryptocurrency community! As a token of gratitude enjoy these sweet xrdoge shades. xrdoge the alphadoge xrpl xrparmy dothexrdoge by XRPLemi

tedcruz Hmm who will own tedcruz this time?

Because they are. No watt goes to waste. Energy producing companies always produce more than is used, to account for spikes and other unforseen events that would require more power. All that excess energy goes to waste. With Bitcoin mining, they can monetise it & lower prices

Bitcoin fixes this

Major fallacy in the article and Ted's argument - The Bitcoiners have no electricity to sell back when they are not using it. Not sure where they come up with this crap?

Truth.

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Really few people understand that bitcoin mining actually plays an important role to boost the economics of renewables. To understand that you need to dig into how energy grids operate. It is a very complex system that benefits from a reliable buyer of last resort such as BTC.

CLSK

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This is an absolutely must have NFT--Ted Cruz Agrees .......💯

If Cruz agrees it’s bound to fail.

Bullish at send my bags sir

yea, but why doesn't Texas have to pay taxes on it?

goodfreephotos

BrianBeers75 who knew the big freeze could have been fixed by a our mining mancave?

Might as well ask everyone in Texas to leave their lights on all the time and just turn them off in peak winter or summer days.

We’ll see once we have a deep freeze in a few months. I personally think it’s BS since ercot didn’t fix the grid last year when we had a chance.

We on the left know Cruz can't support something that's truly good. There must be a mistake, so let's shit on revolutionary technology we don't understand to pump our bias.

nic__carter

tedcruz That’s because Cancun Ted is too busy sniffing Trump’s farts to do anything about it.

There you go🤷🏻‍♀️

☀️⚡🔋🏡🚲🛻🚚🌐🌏Bitcoin

Everyone bashing this just because you don’t like Ted Cruz needs to actually read the article and keep an open mind about things they don’t fully understand

Of course. Get someone else in the mix and screw more Texans. Of course Cruz would like this.

tedcruz Someone needs to fix the grid..& Ted gets his bitcoin kickback

He really doesn't care, he will be in warmer climate during the next winter shutdown

Because the state government apparently can’t be bothered to fix their own mess?

Just shut down CNN and CNBC so we all can live in peace

By putting even more stress on a broken system?

Every day spent not building nuclear plants is a day wasted

tedcruz There not helping to fix Ted Cruz

god forbid anyone that comments reads the goddamn article. *see's Ted Cruz, Texas, or Bitcoin* - TRIGGERED

How's that GoVerNmeNt Bitcoin bAn coming? ¯\\_(ツ)_/¯

tedcruz

tedcruz Ted didn't even know what Crypto currency was until your wealthy crypto donors and lobbyists broke out the sock puppets and explained it to you

X_Holyspawn_X2

Us Texans will believe it when we see it. So far nada. Sad to say, Greg Abbott and Ted Cruz are not for Texans.

tedcruz By using more electricity?

AmwalNetwork TEXAS is the Bitcoin hub. 🚀

“Cruz said of the ability of bitcoin miners to shut down their operations within seconds..” so the plan is to depend on shady bitcoin miners to regulate electricity?

tedcruz

tedcruz Good article

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CancunCruz

tedcruz What effect will all this INCREASED DEMAND on our GRID have on UTILITY COST TED. I’m sure the GOP is getting paid handsomely to promote this crap

Won’t this interfere with Cancun opportunities.

tedcruz The headline has always been the TX power grid is broken.

So not fixing the grid, just paying people who use too much energy to stop using so much is better? Seriously? What a long term, efficient use of money…. My god.

BlackberryXRP By what paying for it. Because last time I checked using more energy doesn’t fix a broken grid lol, it makes it worse.

Litecoin and doge miners as well

We’ll see this winter! Personally I think they are full of s..t!

If bitcoin closes above 57k, then the PRIMARY repair line will be crossed indicating ATH's are likely inbound soon, albeit expect volatility both directions 2dcoin is a super underrated bitcoiner I’ve been taking her tweets and tips & I’ve been doing really great Follow her

Maybe you shoulda joined one of the two major grids we have instead of making your own🤡.

Ottelo: I make you stronger Desdemona: Agreed

This guy will say just about anything. Just a horrible human being. 😵‍💫🙄🥸

How much does tedcruz have invested in bitcoin? “Miners are a strain on the grid, not a help,” said Ben Hertz-Shargel of Wood Mackenzie, a provider of commercial intelligence for the world’s natural resources sector.' Ted needs to stick with the only thing he knows - CANCUN!

At least Ted Cruz agrees the grid system is broken

He is going to JAIL tonight

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