“In October 2021, Governor Greg Abbott hosted the lobbying group Texas Blockchain Council at the governor’s mansion. The group insisted that their industry would help the state’s overtaxed energy grid; that during energy crises, miners would be one of the few energy customers able to shut off upon request, provided that they were paid in exchange.”
Incredible. Driving up energy needs to make their fake currency will help the state’s energy grid, because we can then hold the grid hostage until we’re paid.
Why would they pay them, just use the power of the free market and raise the price of electricity (or even just for industrial users like bitcoin miners) when supply is low until they bow out because it’s not profitable and demands matches supply. Weird how the free market is only good when it’s not free, but dominated by monopolists.
But think of all the benefits this bitcoin mine brings for society, like, er, …
That said, without proper studies it’s questionable whether the mine is causing the illnesses.
They should be required to shut down some of the machines to get under noise ordinance.
This. Why haven’t they shut it all down for 24 hours to see if that helps people?
The obvious answer is greed.
No need to shut down for 24 hours, just meet noise levels “compatible with life”, 24/7.
But that requires regulation, and if people don’t want any… well, then this is the effect.
Texas isn’t used to regulating businesses, to say the least.
