Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August
Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August
Bitcoin miner Riot Platforms raked in $31.7 million in energy credits from Texas power grid operator ERCOT in August.
I need to get in on this industry where the government pays me to not do something.
Like how govt pays farmers to not grow shit.
If it came out ERCOTs profits, good.
If it came out of taxpayer money, bad.
I think either way it’s taken from our pockets.
Major Major's father was a sober God-fearing man whose idea of a good joke was to lie about his age... His specialty was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn't earn on new land to increase the amount of alfalfa he did not produce.
Seriously!
...it’s counting on energy credits from selling power back to the Texas grid...
Being bribed to temporarily stop buying is not the same "selling power back".
Another country heard from.
Rolling blackout the fuckers.
Well that’s a bunch of bull!