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Texas paid a Bitcoin miner to use less electricity during hottest month
17 points
by
baldeagle
over 1 year ago
6 comments
_nhynes
over 1 year ago
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Previous discussions:<p><a href="https://news.ycombinator.com/item?id=37418866">https://news.ycombinator.com/item?id=37418866</a><p><a href="https://news.ycombinator.com/item?id=37428605">https://news.ycombinator.com/item?id=37428605</a>
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bradfa
over 1 year ago
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Grid stability is not free. This concept is not new. Historically things like aluminum smelting had very similar contracts to ensure grid stability.
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michael_vo
over 1 year ago
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Or, they could have implemented surge pricing and charged 10x, 100x for electricity during high demand for non-essential businesses and let market forces decide who wants to still use electricity.<p>Some lobbyists must have lined some pockets.
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justrealist
over 1 year ago
It's funny because it effectively reduces to Texas paying carbon offsets : )
Brian_K_White
over 1 year ago
Isn't this just getting compensated for being bumped off a plane?
lakomen
over 1 year ago
I have read this before. Like a month ago. Pretty sure it was in Texas. Hmm