I need to get into the business of being paid to not mine crypto. Sounds lucrative, and I have the skillset already.
Here I am, not mining crypto for free, like some sucker!
if you’re good at something, never do it for free
At first glance, this makes zero sense, but once you dig in and read the details, it makes even less sense
I especially like the part where they say encouraging crypto mining will somehow create power grid innovations. What?
Either you innovate or you pay that company $32M every summer forever
I’m pretty sure their goal is the latter based on the other part of the article which says they can act like padding.
Not in Texas, at least. Our government here is in the habit of actively making everything worse, not better.
That has the same energy as someone claiming they drive better tipsy than sober
Trickle down grid, food, climate, whatever just fucking gimmie peasant. /s
pro tip, be born with a parent who runs a large power grid who can buy your debts
Makes sense to me, just sounds like the crypto company is holding the state’s power grid hostage
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Even if all you have is wind and solar, you can still turn it into baseload power by pumping water up behind dams, storing it in battery grids, or turning it into green hydrogen via electrolysis. Hell, you could even use it to heat up salts until they turn into a molten salt, which can be used for about 12 hours, going off of solar towers with molten salt generators…
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Even if that’s their strategy you’re not guaranteed a return when mining. If you or your cluster don’t mine the block all of that energy was absolutely wasted. If we didn’t have a shitty ass isolated grid we could just sell the energy to another part of the country.
You know what they say, whenever the stars are over Texas…
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ERCOT is issuing power shortage warnings across Texas claiming they are due to “low performance of solar and wind technologies”. Absolute fucking liars. It’s sunny as fuck and also windy as fuck in Texas lately. If they are so “low performance”, why does ERCOT continue to heavily invest in them? Goddamn, conservatives are vile, sub-human pieces of shit.
ERCOT is lying to artificially inflate pricing and increase profits. Governor Abbot has received millions of dollars from them (that we know of), so the lies are effectively state sanctioned.
Fuck Abbot and fuck ERCOT. They are a cancer upon Texas.
There is no such thing as a “good conservative”. No. Such. Thing.
I don’t know about this specific case but it’s a common practice to have big consumers be on specific agreements with national grid so they can be shut off on demand to ensure the grid integrity. The companies are compensated for the inconvenience in exchange for their flexibility. Usually it’s with heavy industries like metal, paper and glass manufacturers.
Yep. Architected a bunch of software to measure baselines, prove or disprove responses to demands within requested periods etc.
You don’t want giant arc furnaces running full tilt in the midst of an energy crunch. It’s enough compensation to cover NOT producing anything that day which the ratepayers pay for but also benefit from.
Everything had to work sub-second round-trip, fun stuff, egomaniacal boss.
Shut down the big mines
Maybe if Texas shutdown those miners, their power grid wouldn’t be so strained all the time.
Maybe if they didn’t have a power grid that was cut off from the rest of the country that wouldn’t be a problem. Maybe their citizens wouldn’t freeze to death when there’s a little snow.
Those damn people, paying for electricity AND using it?!
Edit: Is this take so egregious its not worth even worth discussion? Just downvote and move along? The hive-mind opinions is one thing, but the lack of interest in actually engaging in discussion is really sad. But I guess it’d make sense for them to go hand in hand.
That’s like saying it’s fine for the Kardashians to use as much water as a whole city during a drought, because they pay for it.
Eh, idk. Depends on the cost structure I guess. What if their (collective, with other similar users) excessive use is charged at a rate that makes it easier to fund the public infrastructure that benefits everyone?
At least in San Antonio, the utility charges a higher rate above a certain threshold.
Edit: also, people are calling for a ban of mining. It’s not as if they’re ALWAYS in a state of grid strain.
All you did was make a satirical comment.
People are still mining bitcoin? Lmao
