- cross-posted to:
- [email protected]
- 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.
Increasing the price and giving people energy rebates would have worked, miners only run the machines because the BTC is worth more than the electricity + maintenance + equipment
Except the company in question is losing hundreds of millions a year. The energy credit is likely more than they would have made themselves.