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

  • hddsx@lemmy.ca
    link
    fedilink
    arrow-up
    33
    arrow-down
    1
    ·
    1 year ago

    Because it’s Texas land of the free.

    Individuals can do whatever they want and the costs are set appropriately. Mining bitcoin is more profitable than the cost of electricity. They can either jack the prices up for everyone, or pay miners not to mine. It’s cheaper to pay.

    Is it cheaper to ban mining or improve infrastructure? Sure, but there is no societal good, only individual. Banning mining would be an “infringement on the right to make money”.

    Texas.

      • hddsx@lemmy.ca
        link
        fedilink
        arrow-up
        3
        ·
        1 year ago

        Yeah, well. A lot of Texans have a strong belief in who qualifies as an individual, and who may as well be property.