Texas paid this company to mine bitcoin during an ongoing energy crisis
Texas paid this company to mine bitcoin during an ongoing energy crisis Meanwhile, Texans are paying 50% more in electricity costs compared to last year. When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works. Riot Blockchain, abitcoinmining company based in Texas, was able to completely offset the cost of a month’s worth of electricity thanks to a state subsidy. It did so by voluntarily turning off some of its miners during the month of July, thus earning millions in power credits for “contributing to power grid stability in Texas....