To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.

  • Caveman@lemmy.world
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    1 year ago

    Increasing the price and giving people energy rebates would have worked, miners only run the machines because the BTC is worth more than the electricity + maintenance + equipment

    • SilverFlame@lemmy.world
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      1 year ago

      Except the company in question is losing hundreds of millions a year. The energy credit is likely more than they would have made themselves.