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Growing Population, Crypto
The situation underscores that the Texas grid is relying on short-term solutions for what’s poised to be a long-term problem. The state is contending with a population boom that’s driven demand higher. Crypto mining has also taken off in the past year, bringing with it the industry’s power-intensive operations. Meanwhile climate change has made extreme weather events that drive up electricity use more likely to occur and more severe — creating situations like a deadly February 2021 freeze that caused blackouts across the state.
Biased article. Not a single mention that bitcoin miners agree to power down voluntarily during the alerts, and thus work to subsidize the power plant when there is excess capacity, and work essentially as a "rolling reserve" by disengaging the (still relatively rare) periods of time when the power contracted by the miners is instead of more value going to the grid.
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