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Texas just got closer to blackouts than it has since 2021. What happened?

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Re: Texas just got closer to blackouts than it has since 2021. What happened?

#3
Don't worry, Texas is just helping the crypto miners rather than their citizens again. "The Electric Reliability Council of Texas (ERCOT) paid a bitcoin miner $31.7 million in energy credits in August to not mine bitcoin. During the August heat wave, ERCOT issued eight calls for voluntary energy conservation. People were asked to adjust home thermostats or delay doing laundry during the energy call."

Re: Texas just got closer to blackouts than it has since 2021. What happened?

#4
> Some of these tactics have proven controversial with consumers. One program that pays big power users like cryptocurrency operations millions to conserve, has come under particular scrutiny, as Texans have been asked to conserve voluntarily for months.

This is... amazing. Not in a good way.

Re: Texas just got closer to blackouts than it has since 2021. What happened?

#8

> Some of these tactics have proven controversial with consumers. One program that pays big power users like cryptocurrency operations millions to conserve, has come under particular scrutiny, as Texans have been asked to conserve voluntarily for months. This is... amazing. Not in a good way.

is this what they mean by privatizing profits and socializing losses

Re: Texas just got closer to blackouts than it has since 2021. What happened?

#9
The article states that the sharp drop in reserves was being “investigated,” and that it is “suspected” that a large power plant stopped working.

Is observability of Texan infrastructure so poor that the _power company_ doesn’t have a comprehensive view of _which power plants are operational_?

Re: Texas just got closer to blackouts than it has since 2021. What happened?

#10

Don't worry, Texas is just helping the crypto miners rather than their citizens again. "The Electric Reliability Council of Texas (ERCOT) paid a bitcoin miner $31.7 million in energy credits in August to not mine bitcoin. During the August heat wave, ERCOT issued eight calls for voluntary energy conservation. People were asked to adjust home thermostats or delay doing laundry during the energy call."

I think I have to set up shop in Texas with some space heaters and claim my bitcoin energy credits!
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