stopthatgirl7@kbin.social to News@lemmy.world · 10 months 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 · 10 months agomessage-square82fedilinkfile-text
To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.
minus-squareolafurp@lemmy.worldlinkfedilinkarrow-up28·10 months 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-up2·10 months 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.