In Texas idling rigs make more than mining crypto

Discussion in 'Crypto Assets' started by Pekelo, Sep 9, 2023.

  1. Sprout

    Sprout

    Those are pretty rich delusions coming from someone calling out delusions.

    DT, a thrice married adulterer, never gone to church, with 91 (and counting criminal charges) a model of conservative values, um ok.
    Highly likely, you haven't even read any of the indictments.

    How much did the Trump administration contribute to the national debt?

    Maybe consider a visit to
    https://wtfhappenedin1971.com/

    Facts are facts, opinions disguised as facts not-so-much.

    The current Republican party has no alignment with traditional conservative values, that mental model needs to be updated.
     
    #21     Sep 10, 2023
  2. Pekelo

    Pekelo

    Sorry, we don't give a fuck. Keep it on topic, otherwise Politics is >>> that way.
     
    #22     Sep 10, 2023
  3. newwurldmn

    newwurldmn

    the fact that you read facts vs just using wild statements is proof you are weak minded.
     
    #23     Sep 10, 2023
  4. NoahA

    NoahA

    I just don't understand what you critics of this arrangement are missing. The power grid needs to be stable. It can't turn on and off like a light switch since the loads need to be balanced. The best type of customer who is one who uses lots of power, but can shut down at a moment's notice. Wouldn't this be something a utility wants to pay extra for?

    What home owner wants to be told to turn off their AC, and especially when it gets hot outside? But if you make a contract in advance that a huge user of power will do as told, it makes sense that this customer is compensated in order to prevent the entire grid from going out.

    Its the same thing in the airline industry. They over-sell seats since they know some people don't show up. But if everyone shows up, a few can't actually fly. So what do they do? Give out an incentive for someone to skip their flight by paying them. But if its just before Xmas, good luck getting someone to skip visiting the family. So it costs quite a bit until they find customers willing to walk away. It can generally be easily $1000 paid in cash in order for a willing passenger to walk away. But this now allows the plane to leave and let everyone else get to where they are going. If nobody takes the offer, this is where it gets ugly, just like a blackout. People fight, they end up having to call the cops, and the flight is delayed, and never mind the reputational damage to the airline.

    So a miner who uses lots of power but is willing to stop using power in exchange for compensation is actually a huge benefit for the grid.

    So people, educate yourself before thinking you know everything.
     
    #24     Sep 10, 2023
    jbusse, johnarb and SunTrader like this.
  5. Sprout

    Sprout

    Last edited: Sep 10, 2023
    #25     Sep 10, 2023
  6. SunTrader

    SunTrader

    If only that poster really represented today's Republican Party accurately.

    Individuals (in Texas and elsewhere) yes, the party hell no.
     
    #26     Sep 10, 2023
  7. Sprout

    Sprout

    #27     Sep 10, 2023
  8. newwurldmn

    newwurldmn

    yeah. We get it.

    But come on. It’s odd when the most profitable line item for a company is not running.



     
    #28     Sep 10, 2023
  9. destriero

    destriero


    You think that the airlines are overbooked during XMAS? FAA-regs require that the passenger is entitled to 400% of what they paid if no arrangements are offered. How often do you think this happens? I've never seen it while traveling on XMAS. I've seen it twice when flying to the Caribbean, lifetime.

    You have to be some precious type of idiot to think that implicit extortion (curtailing mining ops) is a valid operating business model. Balancing the power grid? Are you r*tarded?
     
    #29     Sep 10, 2023
    M.W. likes this.
  10. destriero

    destriero


    Washington thanks you.
     
    #30     Sep 10, 2023