This seems healthy and totes normal
Playing the state’s energy market has become more profitable than mining bitcoin
"On the hottest and coldest days, when demand for electricity peaks and the price soars, the bitcoin miners either sell power back to providers at a profit or stop mining for a fee, paid by ercot. Doing so has become more lucrative than mining itself. In August 2023 Riot collected $32m from curtailing mining and just $8.6m from selling bitcoin."
https://www.economist.com/united-states/2024/08/27/why-texas-republicans-are-souring-on-crypto
Kim Scheinberg /
npub1mn…7gsmg
2024-08-28 01:34:19
Author Public Key
npub1mn2m9zymeal4k2w2ycdnhx9dkkt0n05kg8x2zrmxe50t6hqzft4qu7gsmgPublished at
2024-08-28 01:34:19Event JSON
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"content": "This seems healthy and totes normal\n\nPlaying the state’s energy market has become more profitable than mining bitcoin\n\n\"On the hottest and coldest days, when demand for electricity peaks and the price soars, the bitcoin miners either sell power back to providers at a profit or stop mining for a fee, paid by ercot. Doing so has become more lucrative than mining itself. In August 2023 Riot collected $32m from curtailing mining and just $8.6m from selling bitcoin.\"\n\nhttps://www.economist.com/united-states/2024/08/27/why-texas-republicans-are-souring-on-crypto",
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