this post was submitted on 19 May 2024
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Fun fact, in case you weren't aware; Texas pays bitcoin mining companies to shut off their rigs during peak demand.
Miners love this; in effect they can just threaten to mine bitcoin and get paid as much as they would have made actually mining bitcoin, but without the wear and tear on their expensive hardware. It's a legalized extortion racket being enacted on the public purse.
Apologies if I just gave you even more reason to be angry.
didn't mining costs just double? gl with that
Effectively, yes. But that just makes extorting the government even more effective in comparison. Better to just get paid not to mine.