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  1. Aug 2024
  2. x.com x.com
    Aram Zucker-Scharff | @Chronotope@indieweb.social on X: "This has, unfortunately, been very clearly the outcome of Texas's energy policy and the arbitrage bs from cryptocurrency miners from the beginning. Fked that you can now make more money running a server farm at full blast then... just not paying to do that." / X
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    1. chrisaldrich 28 Aug 2024

      https://x.com/Chronotope/status/1828785701732663335

      Crypto miners are being paid not to mine to ease energy production/consumption cycles.

      Related to protection money for the mob

      re: https://x.com/curious_founder/status/1828511303788322888/photo/1 on The Economist's article about crypto mining in Texas o/a 2024-08-27

      market imbalance economics cryptocurrency crypto mining arbitrage energy policy toxic capitalism ERCOT financial engineering protection money mob finances Friends of the Link 2024-08-28
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