To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.

  • IDontHavePantsOn@lemm.ee
    link
    fedilink
    arrow-up
    20
    ·
    1 year ago

    It’s not really laundering because the income was legal. It’s more like a game of Russian roulette blackmail to allow a negotiable tax evasion rate.

    There are a lot of figures left out of the article, but it sounds like a preemptive bailout to handle a company fully prepared to cause the rolling blackouts that would also damage themselves. Plus those credits can most likely be sold and bought like any other commodity, only a bit less regulated. Given a few years of climate change those credits will be extremely valuable. Then again, I’m just a speculative jerk on the worldwide web with an opinion. I could be wrong.