‘The state has lucrative incentives that have made it the most popular destination for Bitcoin miners in the country. One program pays cryptocurrency miners for agreeing to shut off their computers when the grid is on the brink of failure, such as during the record-breaking heat wave that hit the state this past summer. Since 2020, Bitdeer has been awarded nearly $50 million from this arrangement, according to data published by the grid operator. Those payments are subsidized by Texas ratepayers.’
This is unbelievable.