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Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave

Por: CBS News Business September 07, 2023

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As a bitcoin mining enterprise, Riot Platforms runs thousands of computers in the energy-guzzling pursuit of minting digital currency. Recently, however, the company got big bucks from Texas to lower the mining operation's electricity usage.Riot said on Wednesday that the state's power grid operator paid the company $31.7 million in energy credits in August — or roughly $22 million more than the value of the bitcoin it mined that... + full article



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