- cross-posted to:
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- cross-posted to:
- [email protected]
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.
I can’t quite see it, but I’m really guessing there’s some sort of money laundering angle here.
It’s not really laundering because the income was legal. It’s more like a game of Russian roulette blackmail to allow a negotiable tax evasion rate.
There are a lot of figures left out of the article, but it sounds like a preemptive bailout to handle a company fully prepared to cause the rolling blackouts that would also damage themselves. Plus those credits can most likely be sold and bought like any other commodity, only a bit less regulated. Given a few years of climate change those credits will be extremely valuable. Then again, I’m just a speculative jerk on the worldwide web with an opinion. I could be wrong.
He is the Messiah