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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mas.to/users/kims/statuses/113037073429895964">Kim Scheinberg (kims@mas.to)'s status on Wednesday, 28-Aug-2024 11:57:37 JST</a><a href="https://mas.to/@kims" title="kims@mas.to"><img src="https://gnusocial.jp/avatar/67357-48-20250524161734.webp" width="48" height="48" alt="Kim Scheinberg" style="position: absolute; left: 0; top: 0;">Kim Scheinberg</a></section><article><p>This seems healthy and totes normal</p><p>Playing the state’s energy market has become more profitable than mining bitcoin</p><p>"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."</p><p><a href="https://www.economist.com/united-states/2024/08/27/why-texas-republicans-are-souring-on-crypto" rel="nofollow noreferrer">https://www.economist.com/united-states/2024/08/27/why-texas-republicans-are-souring-on-crypto</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3578666#notice-7021447">In conversation</a><time datetime="2024-08-28T11:57:37+09:00" title="Wednesday, 28-Aug-2024 11:57:37 JST">about 10 months ago</time> <span>from <span><a href="https://mas.to/@kims/113037073429895964" rel="external" title="Sent from mas.to via ActivityPub">mas.to</a></span></span><a href="https://mas.to/@kims/113037073429895964">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: www.economist.com</div><h5><a href="https://www.economist.com/united-states/2024/08/27/why-texas-republicans-are-souring-on-crypto">Why Texas Republicans are souring on crypto</a></h5><div></div></header><div>Playing the state’s energy market has become more profitable than mining bitcoin</div><footer></footer></article></li></ol></footer></blockquote>

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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
In conversationabout 10 months ago from mas.topermalink
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1. Domain not in remote thumbnail source whitelist: www.economist.com
  Why Texas Republicans are souring on crypto
  Playing the state’s energy market has become more profitable than mining bitcoin

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