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News@lemmy.world · 1 year ago

Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave

www.cbsnews.com

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Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave

www.cbsnews.com

stopthatgirl7@kbin.social to

News@lemmy.world · 1 year ago

To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.

To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.

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alvvayson@lemmy.world
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1 year ago
Because normally they make a small profit on the miners. They just didn’t expect prices to shoot up.

I am sure they will change their contracts to have contingency clauses for the future.

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