Economy
Riot Platforms literally gets paid tens of millions of dollars by the Texas energy grid to temporarily shut down their massive Bitcoin mining operations during brutal winter…
HERE’S THE INTERESTING PART
Welcome to the bizarre economic paradox where doing absolutely nothing pays off exponentially. Texas desperately needs grid flexibility, so they incentivize power-hungry Bitcoin miners with lucrative demand-response contracts. When the power grid faces imminent collapse, these crypto giants power down their servers and harvest massive public payouts that dwarf what they would have made actually mining digital coins.
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