So hot that cryptocurrency miners have stopped their activities in this place

There is no doubt that we are facing a crisis in the value of all cryptocurrencies, which makes many miners abandon their mining, because it is no longer profitable.

And when you add to that the high temperatures that affect virtually the entire northern hemisphere, it finally forced a large group of crypto miners to make an environmental decision this week when they temporarily shut down operations to try not to overload the Texas electricity grid in the US.

And that’s last Monday Texas Power Reliability Board (ERCOT) is asking all its residents to reduce their energy consumption to avoid power outages during this heatwave.

The agency noted that in addition to currently causing record power demand for the state, this heat has even eliminated some renewable energy options such as wind power..

This is an unprecedented decision, various sites and cryptocurrency specialists that were consuming a high percentage of the state’s total energy production decided to voluntarily shut down a few days ago so that other residents of the state would not suffer from any power outages. .

While it is true that now is not the right time for cryptocurrencies, it is good that various companies and individuals have decided to stop their digital currency mining activities, keeping social well-being in mind, and not their own enrichment.