The Electric Reliability Council of Texas (ERCOT) has requested households and businesses to reduce electricity consumption due to soaring power prices. This situation could significantly impact Bitcoin miners in Texas, which is a major mining hub. The excess supply of electricity has been decreasing, leading to ERCOT’s request for limited usage. As a result, the Bitcoin hashrate has declined during the week. Readers are reminded to verify facts independently and seek professional advice before making any decisions.

AI Sentiment: Negative