3 ms·
The more than one thousand employees of Texas largest BTC mining company (Riot) would disagree on this...
by janandonly 4y ago
The more than one thousand employees of Texas largest BTC mining company (Riot) would disagree on this...
- qqqwerty 4y agoFrom their own press release in July 2022[1] they mined $6.8M worth of BTC, and "earned" $9.8M in power credits. They are literally making more money by abusing the curtailment incentives then they are from mining itself. And 1k employees is not a lot of employees. 28 million Texans are paying significantly higher electricity prices so a handful of bitcoin mining companies, employing a few thousand people at most, can rake in profits. [1] https://www.riotblockchain.com/news-media/press-releases/detail/135/riot-blockchain-announces-july-2022-production-and https://www.riotblockchain.com/news-media/press-releases/det...