Will Texas Bitcoin Mines Hurt Power Customers? Stripped down cheap computers packed onto racks in warehouses are what powers Texas Bitcoin mines. The problem is that's a lot of electric demand and it might drive up your Texas electricity bills. Texas is known as one of the most business-friendly states in the US. So, when China kicked out cryptocurrency miners in May 2021, they all flocked to Texas. Crypto miners use thousands of stripped down home computers running 24/7 usually in one room. So, they use massive amounts of energy. So many crypto miners operate in Texas that within a few years they will use almost as much power as Houston. Bitcoin is the best known of all cryptocurrencies. Texas Bitcoin mines that draw massive power amounts daily is concerning since ERCOT had trouble meeting demand this summer. However, ERCOT is working with crypto miners to better meet peak demand in the future. Sweet Deal For Texas Bitcoin Mines Crypto mines run 24 hours per day using rooms of
Will You Shop Houston Electricity Rates? Natural gas prices are down and spring is coming! That means it's time to shop Houston electricity rates! Compare plans, providers and pricess now to save during summer! People don’t often think about natural gas as a driver for electricity rates. But it’s true, especially in Texas. Many power plants burn natural gas to create electricity. With natural gas rates falling , you’ll want to get cracking on shopping for energy. But let's not rush into this just yet. You need to know how to shop Houston electricity rates. When To Shop Houston Electricity Rates As with many things in life, timing is everything. Yes, natural gas prices are dropping. However, they’re likely to fall further in the coming few weeks. Therefore, electric prices should respond likewise. Prices tend to be lowest in the spring when demand dips furthest. The APG&E TrueClassic 36 plan has an average bill of $121 at 1,000 kWh. Will it be lower in the near future?
Summertime is always a very busy season in the world of Texas electricity, and 2018 is no exception. In fact, 2018 as already been an extremely active shopping season, and it will only get busier as the days and weeks continue to tick by into the crucible of the summer heat. We"ve been doing this for a long time, and for many reasons 2018 is shaping up to be the most fascinating, but more importantly the most dangerous summer for customers since the record breaking summer of 2011. In 2011, the city of Dallas experienced 70 straight days of temperatures of 100 degrees or higher. That is not a typo, it was 70 straight days. The rest of Texas suffered as much as Dallas, with basically the entire state hovering around 100 degrees for two straight months. The net result of this was chaos in the electricity market, even if customers and shoppers didn"t always see it front and center. Many REP"s sold their books to larger providers to get out of the volatile marketplace. Texans
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