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Business model: 0. Buy 5000 cheap space heaters at 1.5kW each. 1. Rent some cheap giant warehouse near Austin-Bergstrom airport. 2. Wait until ERCOT issues a
by cvccvroomvroom 3y ago
Business model:
0. Buy 5000 cheap space heaters at 1.5kW each.
1. Rent some cheap giant warehouse near Austin-Bergstrom airport.
2. Wait until ERCOT issues a power alert.
3. Crank them.
4. Refuse their first offer.
5. Take their second.
6. Profit!
Like these Ponzi schemers wasting resources for a volatile fiction, it's profitability by gamification of brinksmanship.
- barelysapient 3y agoWell, these are energy credits not cash. Effectively, a large credit on their power bill they can spend against down the road.
- LeonB 3y agoThe long term odds on such a business model are not good.