Chief Commercial Officer at Riot Blockchain Chad Harris explained on Wednesday how bitcoin miners can help alleviate the power problems in Texas, arguing that the "virtual power plants" include an "important component."
"I think what the important component is, is that in nanoseconds these facilities can turn on and off when the grid needs the support," Harris told FOX Business’ Susan Li during a live interview on "Mornings with Maria" on Wednesday.
Harris provided the insight from Riot Blockchain's Whinstone facility located in Rockdale, which is outside of Austin and is North America’s largest bitcoin mining center with a total power capacity of 750 megawatts, according to the company’s website.
"This week alone, each week, each day we turned off between 3:00 and 7:00 P.M. when we get the notice and it literally happens in seconds," Harris noted.
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The crypto executive provided the insight as most of central and...
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