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I'm not from Texas so genuinely asking, is there hard proof that anyone specifically invested in power infrastructure because of bitcoin mines in a way they wou
by gyanreyer 3y ago
I'm not from Texas so genuinely asking, is there hard proof that anyone specifically invested in power infrastructure because of bitcoin mines in a way they wouldn't have otherwise?
- karmajunkie 3y agoi live in texas and no, there’s not. because it didn’t happen.
- deleted 3y ago[deleted]
- pseg134 3y agoMy family has lived in Texas for 100 years and I monitor all utility construction that occurs in the state. I can confirm that it didn’t happen.
- kaibee 3y ago> I'm not from Texas so genuinely asking, is there hard proof that anyone specifically invested in power infrastructure because of bitcoin mines in a way they wouldn't have otherwise? In theory supply and demand still exists in Texas, and Bitcoin miners do demand a lot of energy. Assuming that energy companies are including Bitcoin miners in their demand projections (I don't see why they wouldn't?) then the default assumption is that just based on the market forces at play, capacity should have been built with Bitcoin miner demand included.