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Texas paid a Bitcoin miner to use less electricity during hottest month

17 pointsby baldeagleover 1 year ago

6 comments

_nhynesover 1 year ago
Previous discussions:<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=37418866">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=37418866</a><p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=37428605">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=37428605</a>
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bradfaover 1 year ago
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_voover 1 year ago
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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justrealistover 1 year ago
It&#x27;s funny because it effectively reduces to Texas paying carbon offsets : )
Brian_K_Whiteover 1 year ago
Isn&#x27;t this just getting compensated for being bumped off a plane?
lakomenover 1 year ago
I have read this before. Like a month ago. Pretty sure it was in Texas. Hmm