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Dwight SilvermanThe Real-World Costs of the Digital Race for Bitcoin.
In Texas, bitcoin mines are paid to stay offline in power emergencies, a cost borne by consumers.
Riley S. Faelan
Adam Cook@dsilverman Incredible.
Every single day, #Texas provides me with another validation in my choice to leave it.
These kinds of Governor Abbott Footguns are all over the place.
And, naturally, if the stability of the Texas power grid is still at risk, it is the Black and Brown communities that will lose power first (and for the longest).
Governor Abbott never had to answer for that.
Erik Haugen@adamjcook I hope you didn't move to New York or Pennsylvania, they do the same thing. 😂
(It's actually a great policy – huge users that can shut off in a pinch really help make the grid more robust.)
@ech I moved to Detroit.
It’s not just this power grid thing in Texas… it is a whole constellation of corrupt, undemocratic, stupid and downright juvenile decisions that underpin Texas.
I am originally from Chicago and even I was surprised by the amount of unchecked corruption in Texas.
It is an awful state.
I only lasted 4 years in Texas.
Linke@dsilverman what the hell. That’s absolutely insane.
Weltzeitgeist@dsilverman Free market at its best. Lmao!
David Scott Moyer@dsilverman There aren't many bitcoin left. What happens to these places when they've all been collected?
Molly in Missouri@dsilverman fuck bitcoin. We need to move away from bullshit and towards sustainability. Crypto is a scam intended to distract the easily lured-by-wealth types so they don't realize they are helping their overlords shore up more power. But some of them make money, so the tools keep tooling
#CapitalismOnlyKills
#CapitalismOnlyKills
𝒜dam 𝒮cheinberg // sethadam1@whatzaname @dsilverman Maybe, but the problem here is the shitty, outdated, unmaintained Texas utilities system. I’d look at that terrible crony capitalism first.
@dsilverman The flexibility of these operations is huge benefit for power grid operators.
I mean, it's hard to imagine this huge energy usage being a net win for society, but the fact that they can smooth out peaks like this is really nice at least. That's why they pay less for watt-hours. As it should be.
Shadowbottle@dsilverman what the actual fuck.
Jayne@dsilverman I thought the normal MO was just just shutoff electricity to poor neighborhoods without any reimbursement. Thanks, I hate it.
`Da Elf@dsilverman I got a crowbar for the breaker box that insists we don't have to pay them.