[Quindecillion]

They provide a legitimate demand response service i.e. when the grid is generating excess energy that there's no other demand for, Bitcoin miners buy what no one else wants/needs.

Buyers of first and last resort.

[Salgat]

Texas has a lot of gas plants (51%) that we want to idle when possible. Just because it's cheaper power doesn't mean we should be generating it when the only customer is cryptocoins.

[chgs]

If the cost of gas isn’t covering the actual impact then the cost should be higher, doesn’t matter if the kWh is used by a bitcoin miner or someone with their AC at 70, it’s still the same externality.

[xwolfi]

Thank God Texas generates power from unlimited resources. In my place, the more we generate and consume, the less we have left for the future. In Texas, the plants have to generate as much as possible for some reason !