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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://newsie.social/users/ZhiZhu/statuses/111024846588032458">Zhi Zhu 🕸️ (zhizhu@newsie.social)'s status on Saturday, 07-Oct-2023 12:37:02 JST</a><a href="https://newsie.social/@ZhiZhu" title="zhizhu@newsie.social"><img src="https://gnusocial.jp/avatar/76214-48-20230328230902.webp" width="48" height="48" alt="Zhi Zhu 🕸️" style="position: absolute; left: 0; top: 0;">Zhi Zhu 🕸️</a><div><a href="https://newsie.social/@Chron/111024692366914327" rel="in-reply-to">in reply to</a><ul><li></ul></div></section><article><p>"ERCOT's massive Riot payouts came as the agency asked <a href="https://newsie.social/tags/Texans" rel="tag">#Texans</a> to reduce power use during peak demand periods multiple times during the same month...</p><p><a href="https://newsie.social/tags/Bitcoin" rel="tag">#Bitcoin</a> mining now accounts for a huge chunk of <a href="https://newsie.social/tags/Texas" rel="tag">#Texas</a>' energy consumption: <a href="https://newsie.social/tags/ERCOT" rel="tag">#ERCOT</a> estimated in 2022 that bitcoin projects accounted for 33 gigawatts (GW) of energy in its interconnection queue. All <a href="https://newsie.social/tags/Houston" rel="tag">#Houston</a> households combined use an estimated 6 GW per year by comparison."<br>~<a href="https://newsie.social/@Chron">@Chron</a> <br><a href="https://www.chron.com/news/houston-texas/article/texas-bitcoin-riot-ercot-grid-energy-18352398.php" rel="nofollow noreferrer">https://www.chron.com/news/houston-texas/article/texas-bitcoin-riot-ercot-grid-energy-18352398.php</a></p><p>This is <a href="https://newsie.social/tags/Insane" rel="tag">#Insane</a> </p><p><a href="https://newsie.social/tags/USA" rel="tag">#USA</a> <a href="https://newsie.social/tags/News" rel="tag">#News</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/2149659#notice-4221790">In conversation</a><time datetime="2023-10-07T12:37:02+09:00" title="Saturday, 07-Oct-2023 12:37:02 JST">about a year ago</time> <span>from <span><a href="https://newsie.social/@ZhiZhu/111024846588032458" rel="external" title="Sent from newsie.social via ActivityPub">newsie.social</a></span></span><a href="https://newsie.social/@ZhiZhu/111024846588032458">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/1616968">News headline:
Texas paid $31 million to bitcoin miner to cut energy use during heat wave:The bitcoin miner Riot said it raked in the record profits by reducing power use at its Texas facilities to earn energy credits from the state.
By Michael Murney
Updated Sep 7, 2023 10:15 a.m.</a></label><br><a href="https://assets.newsie.social/media_attachments/files/111/024/839/204/331/425/original/9f0b0e6269aba7a5.png" rel="external">https://assets.newsie.social/media_attachments/files/111/024/839/204/331/425/original/9f0b0e6269aba7a5.png</a></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/1616969">Untitled attachment</a></label><br></li></ol></footer></blockquote>

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Zhi Zhu 🕸️ (zhizhu@newsie.social)'s status on Saturday, 07-Oct-2023 12:37:02 JSTZhi Zhu 🕸️
in reply to
- Chron
"ERCOT's massive Riot payouts came as the agency asked #Texans to reduce power use during peak demand periods multiple times during the same month...
#Bitcoin mining now accounts for a huge chunk of #Texas' energy consumption: #ERCOT estimated in 2022 that bitcoin projects accounted for 33 gigawatts (GW) of energy in its interconnection queue. All #Houston households combined use an estimated 6 GW per year by comparison."
~@Chron
https://www.chron.com/news/houston-texas/article/texas-bitcoin-riot-ercot-grid-energy-18352398.php
This is #Insane
#USA #News
In conversationabout a year ago from newsie.socialpermalink
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1. News headline: Texas paid $31 million to bitcoin miner to cut energy use during heat wave: The bitcoin miner Riot said it raked in the record profits by reducing power use at its Texas facilities to earn energy credits from the state. By Michael Murney Updated Sep 7, 2023 10:15 a.m.
  https://assets.newsie.social/media_attachments/files/111/024/839/204/331/425/original/9f0b0e6269aba7a5.png
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