Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August

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[–]iamonlyoneman 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

How is this not working? It worked great. Companies with agreements to do it, and even some of the miners who don't have agreements, cut back on consumption when there was a possibility of literally record high electric use being more than available supply.

Record high energy use and the grid held up fine, obviously it doesn't work

that's you right now

[–]binaryblob 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Compare the variance of the cost of energy to that of other states. I define "working" as something that has low variance.

Since Texas' grid made repeated headlines, it's not working, because things that are boring and just work do not make headlines. When was the last time you heard issues with the grid in Norway? Never, exactly.

[–]iamonlyoneman 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

You're a communist? Everyone is starving to death but at least we all are equal!

California's grid makes headlines too, do you also dunk on them?

Relevant image

[–]binaryblob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

California's grid makes headlines too, do you also dunk on them?

Obviously, because I picked Norway.