ERCOT's Energy Shortage, Ranking Q3 Reports and Catching The Mining Bottom

Published: Tue, 12/06/22

December 6, 2022
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Bitcoin

Price

$17,010

►0%

Hashrate

245 EH/s

▼-1%

Difficulty

34.2 T

▼-7.3%

Revenue*

$0.063

▲10%

1.7 GW of Bitcoin miners expected to help ERCOT this winter

Texans are prepping for winter weather, and Bitcoin miners are being enlisted to the call.

According to a new seasonal report from the Energy Reliability Council of Texas, 1.7 gigawatts (GW) of ‘Large Flexible Loads’ (LFLs) have been onboarded to the Texas grid.

Mostly Bitcoin mines or data centers, LFLs are one chess piece in the hands of Texas grid operators to keep the lights on during times of high demand.

Indeed, LFLs have the unusual ability among high demand energy users to shut off at a moment’s notice in order to divert energy to other grid participants.

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Ranking the top five Bitcoin miners: Part I

Bitcoin miners released their quarterly three (Q3) report figures last month, providing facts and figures for what was a difficult mining period.

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Ranking the top five Bitcoin miners: Part II

The cost of mining a Bitcoin is fundamental to any miner analysis. Of the miners surveyed, Riot Blockchain produced the cheapest Bitcoin at an all-in cash price of $11,020 per Bitcoin.

Continue reading here.

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Mining News Feed

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The Block / BlockFi's bankruptcy is the latest blow for a bleeding Bitcoin mining industry

The Block / Bitcoin's mining difficulty set for largest single drop of 2022

Chart of the Week

The long awaited difficulty change last night breathed some life back into the struggling mining market. The -7.3% decrease is the largest since July 2021, after the China mining ban.

Welcome back to the Mining Pod. Today we are joined by Ryan Condron, CEO of Titan Pool. We talk about revenue strategies for small mining pools, building a trustless hashrate marketplace and why every large miner should run their own pool.

Watch on YouTube here.

Today we are rejoined by Zach Bradford of Cleanspark to talk about market sentiment, mining economics, ASIC prices and what to expect from the numerous Chapter 11 filings.

Watch on YouTube here.