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0 sats \ 1 reply \ @tomlaies OP 28 Aug \ parent \ on: Texas Miners make 4x the money from curtailing electricity as from Mining bitcoin_Mining
If they continue their operations (which they will) that's a distinction without a difference. Getting money or paying less for expenses - distinction without a difference.
It's a very big distinction. Lots of people read articles like this and think Riot is getting some economically ridiculous subsidy; getting paid more than your power bill simply to turn electricity off, would be absurd. The real story is not absurd, because Riot's total power bill is a lot more than $32 million, so they're still paying a positive net amount to the utilities.
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