Oddbean new post about | logout
 nostr:npub1ru2u3mwy6q3savhk92f48h0gk4dg3rjll30xm7c2tnqd2fcj525qmjykkp nostr:npub1lrvmc88ck63qpt734w85t5pnxchncvam0p9k9mueuezqz0grkn6s8jtth9 In the case of the Texas grid, it's not "government seizing control" at all. There are 2 ways miners turn off temporarily:

1. When spot market prices for electricity increase too much, i.e. there's either not enough wind or demand increases dramatically, miners turn off their machines when it's not profitable.
2. The ERS (Emergency Response Service) allows ERCOT to purchase control over generation and load for rapid intervention. Those agreements are signed voluntarily.