[HN Gopher] Why China's Bitcoin miners are moving to Texas
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       Why China's Bitcoin miners are moving to Texas
        
       Author : neom
       Score  : 11 points
       Date   : 2021-09-04 20:06 UTC (2 hours ago)
        
 (HTM) web link (www.bbc.com)
 (TXT) w3m dump (www.bbc.com)
        
       | Bilal_io wrote:
       | Because Texas has the infrastructure to support these operations.
       | 
       | /s
        
       | webinvest wrote:
       | At least Texas has tons of cheap wind, solar energy, no income
       | taxes and healthy competition between electricity providers.
       | 
       | In Texas, you can choose amongst like 20 or more electricity
       | providers so if one doesn't suit your liking, you have many
       | others that are very easy to switch to.
        
       | robbedpeter wrote:
       | Maybe deals can be struck with mining plants to provide huge
       | battery backups and wind or solar generation to the local grid of
       | the nearest city or county in return for tax benefits or other
       | incentives. Make it an infrastructure investment with socially
       | oriented parameters, requiring whatever is being built provide
       | some ancillary benefit to the nearby communities, while still
       | allowing miners to profit.
        
         | webinvest wrote:
         | If you can't say how your solution will:
         | 
         | 1) increase energy independence
         | 
         | 2) lower costs to the users
         | 
         | 3) improve self-sufficiency
         | 
         | 4) improve competition between businesses
         | 
         | 5) provide better service without sacrificing any of the above
         | 
         | Expect to hear crickets in Texas.
         | 
         | For example, Tesla's democrat angle is climate change /
         | renewable energies and their Republican angle is energy
         | independence.
        
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       (page generated 2021-09-04 23:02 UTC)