Oddbean new post about login | logout While ERCOT begged Texans to conserve power, the state paid $31 million to Riot, a bitcoin miner, to cut its energy use, leading to record profits for the company. https://www.chron.com/news/houston-texas/article/texas-bitcoin-riot-ercot-grid-energy-18352398.php #news #texas #houston #politics #energy https://assets.newsie.social/media_attachments/files/111/024/691/376/721/236/original/e280f4878e07cbb8.webp
"ERCOT's massive Riot payouts came as the agency asked #Texans to reduce power use during peak demand periods multiple times during the same month... #Bitcoin mining now accounts for a huge chunk of #Texas' energy consumption: #ERCOT estimated in 2022 that bitcoin projects accounted for 33 gigawatts (GW) of energy in its interconnection queue. All #Houston households combined use an estimated 6 GW per year by comparison." ~@74e61afd https://www.chron.com/news/houston-texas/article/texas-bitcoin-riot-ercot-grid-energy-18352398.php This is #Insane #USA #News https://assets.newsie.social/media_attachments/files/111/024/839/204/331/425/original/9f0b0e6269aba7a5.png
