If one Bitcoin miner can take down all of Texas, y’all are more fucking fragile that you let on
Because of the ability of Bitcoin mining to turn on or off instantaneously, if you have a moment where there’s a power shortage in a power crisis, whether it is a freeze or some other natural disaster where power-generation capacity goes down . . . they become excess reserves that can strengthen the grid’s resilience by providing a significant capacity of additional power to be available for critical services if and when it’s needed.
And the best use of that power is Bitcoin mining?
Meanwhile I was getting texts EVERY SINGLE DAY through all of July and August asking me to conserve energy.
So that’s how to make money with Bitcoin.
That’s ransom money. It should be a massive fine instead, ten times their revenue until they shut everything down.