Comment by LispSporks22
2 years ago
I am curious what it takes to get this sweet deal. Surely anyone can join in the mining and get paid to do nothing on the wonky Texas grid and when you can run - deliver nothing of positive value to society.
Does one need a minimum number of rigs? Maybe a permit? Just apply to the utility?
I’d rather be paid than volunteer to sit around in the dark, sweating like a chump.
You probably need to start out by wining and dining folks at the Texas Railroad Commission.
So I think according to this https://statutes.capitol.texas.gov/Docs/UT/htm/UT.39.htm#39....
> (1) the facility requires a total load of more than 75 megawatts; and
Then I register with ERCOT... and profit. They seem to have passed a few bothersome "bills" to thwart our attempts at being a giant resistor though. Also, so they don't seem to specify any efficiency rating for the whole endeavor. Perhaps I can literally install a giant power resistor + a few GPUs, claim 75 MW, turn it all off and then head to the bank?