Since bitcoin mining is pure electicity-to-monetary-value, without the usefulness of, say, powering a hospital or smelting aluminum, economic incentives seem to

Since bitcoin mining is pure electicity-to-monetary-value, without the usefulness of, say, powering a hospital or smelting aluminum, economic incentives seem to be for power providers to just set up mining rigs and generate more profit for themselves than boring old ratepayers could provide. Too bad Enron didn’t survive to enjoy this.