467
Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave
(www.cbsnews.com)
this post was submitted on 08 Sep 2023
467 points (97.9% liked)
News
23387 readers
2648 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
A lot of people don't know how industrial scale power contracts work.
Your pissant $150 light bill isn't worth wiping their corporate asses with. If you are without power for a week they don't care. You can't cancel your subscription, you just have to choke on it.
But factories? They buy hundreds of thousands of dollars worth of power. They use an order of magnitude more electricity than your house. In fact, during a rolling black out they could keep every home in the city powered by shutting off just one factory. The problem is corporations have contracts that actually charge the power company by the hour if they lose power. my company charges over a million dollars an hour.
So buying some mine out of his contract for a little while is not unheard of. Tesla is on that grid so I promise it cost less to shut the miner off than to drop Tesla for a day.
For future reference, an order of magnitude is 10x.
Maybe user was referring to an Imperial order of magnitude 🤣
Interesting.
It can vary depending on context. It can mean another digit, but isn't always in base 10.