Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August (www.cnbc.com)

submitted 1 year ago by Jurbl@lemmy.ca to c/texas@lemmy.world

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[-] Potatos_are_not_friends@lemmy.world 23 points 1 year ago

I need to get in on this industry where the government pays me to not do something.

Like how govt pays farmers to not grow shit.

[-] iforgotmyinstance@lemmy.world 16 points 1 year ago

If it came out ERCOTs profits, good.

If it came out of taxpayer money, bad.

[-] Cuzscience@lemmy.world 14 points 1 year ago

I think either way it’s taken from our pockets.

[-] e_t_@kbin.pithyphrase.net 15 points 1 year ago

Major Major's father was a sober God-fearing man whose idea of a good joke was to lie about his age... His specialty was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn't earn on new land to increase the amount of alfalfa he did not produce.