Comment by 71a54xd
2 years ago
This is how energy contracts work. If a utility opts to break a contract made prior to ensure grid stability and to mitigate risk to more residential customers terms sometimes dictate that the settlement will be made in dollars or energy credits...
I'm not a fan of bitcoin mining but this is just business. No reason to trounce maniacally on Texas...
Yes, it is a reason to trounce on Texas. Texas wouldn't have to go around paying bitcoin miners not to mine if it was integrated into the rest of the power grid(s). But Texas is gonna Texas. Lifelong Texan here.
> If a utility opts to break a contract made prior to ensure grid stability
I think what you meant to say is: the utility should not be allowed to EVER sign a contract that allows something as silly as bitcoin to preempt providing power to citizens and vital businesses. Energy isn't a commodity, it's a necessity in 2023 and should be treated as such.