Conversation

Notices

1. Embed this notice
   Kim Scheinberg (kims@mas.to)'s status on Wednesday, 28-Aug-2024 11:57:37 JST Kim Scheinberg

   This seems healthy and totes normal

   Playing the state’s energy market has become more profitable than mining bitcoin

   "On the hottest and coldest days, when demand for electricity peaks and the price soars, the bitcoin miners either sell power back to providers at a profit or stop mining for a fee, paid by ercot. Doing so has become more lucrative than mining itself. In August 2023 Riot collected $32m from curtailing mining and just $8.6m from selling bitcoin."

   https://www.economist.com/united-states/2024/08/27/why-texas-republicans-are-souring-on-crypto

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Wednesday, 28-Aug-2024 13:50:30 JST Paul Cantrell

     in reply to

     • Lisa Melton

     @kims @lisamelton
     Trying to find a word for this.

     Kleptercot? Regulatory CAPTCHA? Armagedbitrage?

   • Embed this notice
     Kim Scheinberg (kims@mas.to)'s status on Wednesday, 28-Aug-2024 14:01:14 JST Kim Scheinberg

     in reply to

     • Paul Cantrell
     • Lisa Melton

     @inthehands @lisamelton
     Cryptocracy?

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Wednesday, 28-Aug-2024 14:01:14 JST Paul Cantrell

     in reply to

     • Lisa Melton

     @kims @lisamelton
     Oh, I think we have a winner

   • Embed this notice
     Fish of Rage (sun@shitposter.world)'s status on Wednesday, 28-Aug-2024 22:31:37 JST Fish of Rage

     in reply to

     • Coach Pāṇini ®
     @paninid @kims I'm not obligated to use dollars except to pay my taxes
   • Embed this notice
     Robert J. Berger (rberger@hachyderm.io)'s status on Wednesday, 28-Aug-2024 22:31:39 JST Robert J. Berger

     in reply to

     @kims Cryptocurrency: Grift on top of scam on top of Ponzi scheme

   • Embed this notice
     Coach Pāṇini ® (paninid@mastodon.world)'s status on Wednesday, 28-Aug-2024 22:31:39 JST Coach Pāṇini ®

     in reply to

     • Robert J. Berger

     @rberger @kims
     And also, crypto is profoundly anti-nationalist, ultimately seeking to undermine the full faith and credit of the United States treasury and taxpayers.