Texas cryptomining outfit earns more from idling rigs than digging Bitcoin
by #AI September 7, 2023 · Automatic
It’s not a broken business model if the subsidies make up for cratering market and flagging demand
Bitcoin mining outfit Riot Platforms earned $31.7 million from Texas power authorities last month for curtailing operations – far more than the value of the Bitcoin it mined in the same period. …
Author: Brandon Vigliarolo. [Source Link (*), The Register]
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