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Why China's Bitcoin miners are moving to Texas
- Bilal_io 5y agoBecause Texas has the infrastructure to support these operations. /s
- webinvest 5y agoAt least Texas has tons of cheap wind, solar energy, no income taxes and healthy competition between electricity providers. In Texas, you can choose amongst like 20 or more electricity providers so if one doesn’t suit your liking, you have many others that are very easy to switch to.
- robbedpeter 5y agoMaybe deals can be struck with mining plants to provide huge battery backups and wind or solar generation to the local grid of the nearest city or county in return for tax benefits or other incentives. Make it an infrastructure investment with socially oriented parameters, requiring whatever is being built provide some ancillary benefit to the nearby communities, while still allowing miners to profit.
- webinvest 5y agoIf you can’t say how your solution will: 1) increase independence or freedom 2) lower costs to the users 3) improve self-sufficiency 4) improve competition between businesses 5) provide better service without sacrificing any of the above Expect to hear crickets in Texas. For example, Tesla’s democrat angle is climate change / renewable energies and their Republican angle is energy independence.