The 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.
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@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.
