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0 sats \ 4 replies \ @Bell_curve 9h \ parent \ on: Texas: Bitcoin mining saves the state $18 billion bitcoin_Mining
Is this 18 billion per year or one time capital investment or expense?
The article doesn’t say
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14 sats \ 3 replies \ @0xbitcoiner OP 9h
$10 billion in buying Berkshire Hathaway's gas peaker plants that would
++ 8B
The estimated cost of gas peaker plants, which would be passed on to Texan power-users in the form of higher power bills, has now ballooned to $18 billion.
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0 sats \ 2 replies \ @Bell_curve 8h
18 billion is a capital expense
The two projects are not mutually exclusive. Texas can do both
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14 sats \ 1 reply \ @0xbitcoiner OP 8h
isn't it just one project?
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21 sats \ 0 replies \ @Bell_curve 8h
I mean they can mine bitcoin and buy the plants
But they chose not to buy the plants. Redundancy is a good idea
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