Flying Squid@lemmy.world to

Technology@lemmy.worldEnglish · 1 year ago

Texas grid paid firm to stop mining crypto during heatwave

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Texas grid paid firm to stop mining crypto during heatwave

Flying Squid@lemmy.world to

Technology@lemmy.worldEnglish · 1 year ago

3

Texas Energy Grid Paid Bitcoin Miner $31.7 Million to Stop Working Amid Heatwave

Riot Platforms ended up earning more than three times as much from energy credits than it did from mining actual Bitcoin.

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Flying Squid@lemmy.worldOP
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1 year ago
I especially like the part where they say encouraging crypto mining will somehow create power grid innovations. What?
- red@feddit.de
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  1 year ago
  Either you innovate or you pay that company $32M every summer forever

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