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Henry Craver's picture
Small Business Owner Self-employed

As a small business owner, I'm always trying to find ways to cut costs and boost the dependability of my services. To that end, I've become increasingly invested in learning about energy saving...

  • Member since 2018
  • 690 items added with 329,799 views
  • Dec 12, 2022
  • 195 views

Has crypto's power usage declined at all since this most recent bust? 

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Mark Silverstone's picture
Mark Silverstone on Dec 15, 2022

"Crypto miners have always been able to join Ercot programs to get paid for curtailing their operations and providing other grid services, but those rules were seen as too rigid."

Really? They want to make it easier? 

Already:

"Over the summer, crypto miners did just that, shutting down as Texans sweated through extreme heat waves and ERCOT called for conserving energy. Along the way, these miners made a lot of money. In their letter, Warren and the other lawmakers called out Riot Blockchain’s 750-megawatt facility in Rockdale, an hour northeast of Austin. The company received an estimated $9.5 million worth of credits in July for curtailing its operations and energy use—much more than the $5.6 million profit it made that month from selling Bitcoin."

 The «demand response» payment system really is an insidious scam. Getting paid lots of taxpayers’ money to NOT use electricity sets a new low, even for Texan governance.

 

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