Texas Leaders Worry That Bitcoin Mines Threaten to Crash the State Power Grid
Texas Leaders Worry That Bitcoin Mines Threaten to Crash the State Power Grid
Residents in the small town of Granbury are raising alarms over noise from a local Bitcoin mine, while state lawmakers warn that the energy-hungry facilities risk “crashing” the electrical grid.
Texas leaders invited them into the state in the first place – “You made your bed, now lie in it.”
That'd be valid if the leaders who invited them in were the only ones suffering, but it's regular citizens, including people who've been vehemently against bitcoin mining operations, who are getting fucked.
Please, they’re in Mexico or Korea when something like this happens
At this point, what doesn't crash the Texas power grid?
It's fine as long as it's not hot, or cold, or it rains. As long as there's no weather, it's okay.
Whether it's cold or whether it's hot, there will be weather whether or not.
Whoa there, the free market will fix this problem surely, nothing to worry about
I've seen a few politicians use this line. It never works because they don't take into account one massively important factor, there is in fact no market.
If there were multiple power companies that you could get your energy from they'd have a point. But there isn't, so they don't.
And so they PAY them to temporarily shut down when the grid gets hot. And the rest of us are then told to turn up our AC because it’s our fault the grid is poorly mismanaged.
Why would the power companies change when they get to charge higher rates this way
🐆🍴👦
As long as we keep getting hurricanes knocking out power for millions, the grid should be fine. As long as it doesn't also take out power stations...
Well fuck around and find out...