Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave

stopthatgirl7@kbin.social to News@lemmy.world – 463 points –
Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave
cbsnews.com

To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.

80

You are viewing a single comment

So…move to Texas and start mining like crazy to get a better payday than what the crypto will be worth. Got it.

Die when you realize your AC exploded and it's actually cooler in your mining room than it is outside.

I don't think you actually have to gamble on crypto to pull this scam. Just say you are, and consume lots of power and get paid to lower consumption.

If this is their approach to public policy I have to wonder whether Texas is hoarding all the good drugs for themselves.

If by "hoarding all the good drugs" you mean keeping out weed in favor of so, so many opiods, then yes. Apparently SW Missouri is a reasonable driving distance for some Texans to get some weed. An old Texan man in a big truck is often about to spend hundreds of dollars on weed. It's for their short sojourn in Missouri, they assure me.