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

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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.

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SilverFlame@lemmy.world
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1 year ago
Except the company in question is losing hundreds of millions a year. The energy credit is likely more than they would have made themselves.

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