stopthatgirl7@kbin.social to News@lemmy.world · 1 year agoTexas paid bitcoin miner more than $31 million to cut energy usage during heat wavewww.cbsnews.comexternal-linkmessage-square82fedilinkarrow-up1478arrow-down110file-text
arrow-up1468arrow-down1external-linkTexas paid bitcoin miner more than $31 million to cut energy usage during heat wavewww.cbsnews.comstopthatgirl7@kbin.social to News@lemmy.world · 1 year agomessage-square82fedilinkfile-text
To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.
minus-squareCaveman@lemmy.worldlinkfedilinkarrow-up28·1 year agoIncreasing the price and giving people energy rebates would have worked, miners only run the machines because the BTC is worth more than the electricity + maintenance + equipment
minus-squareSilverFlame@lemmy.worldlinkfedilinkarrow-up2·1 year agoExcept the company in question is losing hundreds of millions a year. The energy credit is likely more than they would have made themselves.
Increasing the price and giving people energy rebates would have worked, miners only run the machines because the BTC is worth more than the electricity + maintenance + equipment
Except the company in question is losing hundreds of millions a year. The energy credit is likely more than they would have made themselves.