That’s a function of the rather peculiar decision of Texas not to connect to the rest of the grid.

Every neighboring state is connected to the eastern power grid, which can transfer power from the Mexican border to Vermont.

WRT Texas, that was a deliberate political choice rather than physics: https://en.m.wikipedia.org/wiki/North_American_power_transmi...

Texas is a pretty disingenuous and cherry picked example considering they deliberately siloed themselves off from the other two major power grids of the country. Energy within a power grid is fairly fungible.

That was a political decision. Having your own grid means that you also have your own power frequency regulation, and importing power from a different network is not as simple as connecting wires - you need to connect them using DC instead of AC. These transfer points (interchanges) are sized just for temporary power import or export, you cannot use them to power the whole Texas grid. You can see more details about the interconnects here: https://www.eia.gov/realtime_grid/#/status

lol yes it is, texas is huge btw, but also has no interconnects with the rest of the grid, hence the price rise at a time of zero supply and high demand

My initial reaction was skepticism. So the numbers I found were 121 TWhs consumed by Bitcoin annually. Hydro power produces 4200 TWhs annually of a total electricity production of 25,000 TWhs. Assuming all Bitcoin mining is powered by hydro, a 97% untilization for hydro doesn't seem far-fetched.