It is a subsidy signal. "Build crypto mining in Texas and your expected earnings are higher than anywhere else!" I don't hate crypto, I have some nuanced opini

It is a subsidy signal. "Build crypto mining in Texas and your expected earnings are higher than anywhere else!" I don't hate crypto, I have some nuanced opinions on it. Happy to criticize and defend it, depending on the argument. Once you get to PoS there is a lot less wrong with it environmentally. Unlimited carbon-free energy infra (and silicon production infra too, along with proper recycling!) would also make it less of a problem, but obviously we are not there yet. And I say unlimited because PoW demands that difficulty goes up and up and up to bid up PoW assets.