"[#Bitcoin miner] Riot said on Wednesday that the [#Texas] power grid operator [#ERCOT] paid the company $31.7 million in energy credits in August — or roughly $22 million more than the value of the bitcoin it mined that month — to cut its #EnergyConsumption during a record-breaking #heatwave in the state."
This encourages more rash energy consumption for something entirely useless.
Okay then.
https://www.cbsnews.com/news/bitcoin-mining-cryptocurrency-riot-texas-power-grid/
The only way Bitcoin mining ever makes money is because people value it. Otherwise it wouldn't have that value.
So it's can't be useless, by definition, since people value the use.
YOU may not personally have a use for it, just as I have no use for the Superbowl or a subscription to dogfood delivery to my doorstep, but that doesn't mean nobody else has use for it either.
