22 sats \ 0 replies \ @petertodd 28 Aug \ parent \ on: Texas Miners make 4x the money from curtailing electricity as from Mining bitcoin_Mining
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.