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Texas cryptocurrency outfit makes more money by not mining cryptocurrency

Look at this insanity lmao

Bitcoin mining operation Riot Blockchain earns more money in July by not mining, effectively mines without paying for power

TL;DR Bitcoin mine in Texas makes 318 BTC ≅ $6.88 million dollars from mining bitcoin in July. The same mine also received $9.8 million dollars for shutting off their equipment during peak electricity use hours in July.

This means that Texas residents subsidized bitcoin mining in July with no benefit to them. What a joke.

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