Texas Energy Grid Paid Bitcoin Miner $31.7 Million to Stop Working Amid Heatwave
gizmodo.com
Riot Platforms ended up earning more than three times as much from energy credits than it did from mining actual Bitcoin.
  • impiri@lemm.eeEnglish
    0·
    1 year ago

    At first glance, this makes zero sense, but once you dig in and read the details, it makes even less sense

    • Flying Squid@lemmy.worldOPEnglish
      0·
      1 year ago

      I especially like the part where they say encouraging crypto mining will somehow create power grid innovations. What?

      • red@feddit.deEnglish
        0·
        1 year ago

        Either you innovate or you pay that company $32M every summer forever