this post was submitted on 06 Feb 2024
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I love the Texan bitcoin mines in particular because they hold the power grid hostage and turn off their mining when paid to. Texas' power grid is famously disconnected from the national one and run in the most batshit libertarian way possible.
power of the free market, baby!
I worked for a real RTO and ERCOT was a routine butt of jokes. Usually because real rates for generator time were lower on the more regulated grid, because the capacity planning algorithms were so much more reliable etc. Even before their failures in the cold, everyone knew they were jokers.