Why Nostr? What is Njump?
2023-09-08 15:30:47
in reply to

Fabio Manganiello on Nostr: Curator of Mastodon.art fediblock :newt: Yes, the Texan grid problem was there even ...

Yes, the Texan grid problem was there even before the State became the new haven for miners.

But even a more efficient grid wouldn't solve the underlying problem.

We're talking of **10%** (or more in some areas) of the energy demand of a *whole state* sucked up only by a tiny bunch of businesses and individuals - and all of that energy goes up in cracking pointless puzzles for a distributed Ponzi scheme.

For context, even the former Ilva in Taranto (a huge steel factory that covers a big chunk of the city and gives jobs to ~10-20% of the local population) consumes only a fraction of that amount.

If you make the grid better without changing the mindset, and without cracking down on those who make an irrational usage of shared resources, then all you get is more miners, not a less strained grid.

But Texans are way too scared of socialism to dare to even have a say in how a company should behave. Even when the market goes dysfunctional and a couple of companies start literally stealing from everybody else.

Even when that happens, the State still prefer to pay a bribe with public money to the rich folks to convince them to shut down their gambling den at least for a bit, rather than giving that money to those who need it the most in the middle of a heatwave.

I fully blame all of this on capitalism, yes.
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