Progressive Views: Cryptocurrency: A Scam that’s Costing Us All

Cryptocurrency mining companies can make more money from shutting down their power-hungry server farms, earning a payment from ERCOT (the entity that manages the Texas power supply), than they can make from generating actual crypto. Crypto mining is a scam enabling some private companies to make cartloads of money off the backs of Texas ratepayers and it is wrong.

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Progressive Views: The Grid Ain’t Fixed

The record-setting temperatures this summer stressed the grid nearly to the breaking point several times. ERCOT, the agency responsible for operating the power grid, issued several “conservation alerts” over the past three months, with one episode of “emergency operations” that warned of possible rolling blackouts. Fortunately, the grid remained operational and no blackouts were needed, but it was a close run thing.

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