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  • evilmrhenryevilmrhenry Registered User regular
    From previous thread:
    Echo wrote: »
    hey

    hey

    guess what
    U.S. judge revokes Sam Bankman-Fried's bail, saying FTX founder tampered with witnesses

    FTX founder Sam Bankman-Fried was ordered jailed on Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.

    https://www.cbc.ca/news/world/sam-bankman-fried-bail-revoked-witness-tampering-1.6934340

    This is from handing the New York Times the private writings of Caroline Ellison, his ex-girlfriend, who was involved in all this.

  • SchrodingerSchrodinger Registered User regular
    Munecat's analysis on Web 3.0 is also excellent.

    https://www.youtube.com/watch?v=u-sNSjS8cq0

    Oh, and apparently she did a follow-up for "More Perfect Union." I'm going to watch this now.

    https://www.youtube.com/watch?v=NrUh_AIr5Xc

  • AngelHedgieAngelHedgie Registered User regular
    From previous thread:
    Echo wrote: »
    hey

    hey

    guess what
    U.S. judge revokes Sam Bankman-Fried's bail, saying FTX founder tampered with witnesses

    FTX founder Sam Bankman-Fried was ordered jailed on Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.

    https://www.cbc.ca/news/world/sam-bankman-fried-bail-revoked-witness-tampering-1.6934340

    This is from handing the New York Times the private writings of Caroline Ellison, his ex-girlfriend, who was involved in all this.

    One of the better parts of the order:
    This defendant tries to go right up to the line – his use of the VPN to watch a football game over an account he wasn’t authorized, there it is… [h]e subscribed from the Bahamas and used a VPN as if he were in the Bahamas when he was in Palo Alto and could have watched it on public TV. It shows the mindset. All things considered I am going to revoke bail.

    I mean - judges do not take kindly to pissing on their orders.

    XBL: Nox Aeternum / PSN: NoxAeternum / NN:NoxAeternum / Steam: noxaeternum
  • HevachHevach Registered User regular
    edited August 2023
    https://www.nytimes.com/2023/07/20/technology/ftx-caroline-ellison-bankman-fried.html?name

    The article that landed him in jail, for reference.

    He seems to be attempting to say that she knew what was going on and was knowingly cooperating in the scam. Which... No shit, she plead guilty? Not even good at witness tampering.

    Hevach on
  • AngelHedgieAngelHedgie Registered User regular
    Also, there was this particular line from his lawyers:
    Bankman-Fried's lawyers argued he probably failed in a quest to defend his reputation because the article cast Ellison in a sympathetic light and that prosecutors exaggerated the role Bankman-Fried had in the article.

    Wait. You are literally using the Sideshow Bob "attempted chemistry" defense for surrendering someone's intimate writings to the press?

    And then you're wondering why the judge smacked you with the gavel?

    XBL: Nox Aeternum / PSN: NoxAeternum / NN:NoxAeternum / Steam: noxaeternum
  • ButtersButters A glass of some milks Registered User regular
    Hard to blame his lawyers considering SBF might be an even worse client than Trump.

    PSN: idontworkhere582 | CFN: idontworkhere | Steam: lordbutters | Amazon Wishlist
  • CarpyCarpy Registered User regular
    From previous thread:
    Echo wrote: »
    hey

    hey

    guess what
    U.S. judge revokes Sam Bankman-Fried's bail, saying FTX founder tampered with witnesses

    FTX founder Sam Bankman-Fried was ordered jailed on Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.

    https://www.cbc.ca/news/world/sam-bankman-fried-bail-revoked-witness-tampering-1.6934340

    This is from handing the New York Times the private writings of Caroline Ellison, his ex-girlfriend, who was involved in all this.

    One of the better parts of the order:
    This defendant tries to go right up to the line – his use of the VPN to watch a football game over an account he wasn’t authorized, there it is… [h]e subscribed from the Bahamas and used a VPN as if he were in the Bahamas when he was in Palo Alto and could have watched it on public TV. It shows the mindset. All things considered I am going to revoke bail.

    I mean - judges do not take kindly to pissing on their orders.

    Am I parsing this right? After his extradition he vpn'd to The Bahamas to sign up for Sunday Ticket (which wasn't an authorized account on his bail) just to watch a 9er's game? Which would have been on OTA at Palo Alto.

  • Commander ZoomCommander Zoom Registered User regular
    Carpy wrote: »
    From previous thread:
    Echo wrote: »
    hey

    hey

    guess what
    U.S. judge revokes Sam Bankman-Fried's bail, saying FTX founder tampered with witnesses

    FTX founder Sam Bankman-Fried was ordered jailed on Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.

    https://www.cbc.ca/news/world/sam-bankman-fried-bail-revoked-witness-tampering-1.6934340

    This is from handing the New York Times the private writings of Caroline Ellison, his ex-girlfriend, who was involved in all this.

    One of the better parts of the order:
    This defendant tries to go right up to the line – his use of the VPN to watch a football game over an account he wasn’t authorized, there it is… [h]e subscribed from the Bahamas and used a VPN as if he were in the Bahamas when he was in Palo Alto and could have watched it on public TV. It shows the mindset. All things considered I am going to revoke bail.

    I mean - judges do not take kindly to pissing on their orders.

    Am I parsing this right? After his extradition he vpn'd to The Bahamas to sign up for Sunday Ticket (which wasn't an authorized account on his bail) just to watch a 9er's game? Which would have been on OTA at Palo Alto.

    but then he wouldn't have the pleasure of knowing and showing, again, how he's so much smarter than the judge and everyone else.
    (so smart he's probably gonna eat another contempt charge for it!)

  • Redcoat-13Redcoat-13 Registered User regular
    Carpy wrote: »
    From previous thread:
    Echo wrote: »
    hey

    hey

    guess what
    U.S. judge revokes Sam Bankman-Fried's bail, saying FTX founder tampered with witnesses

    FTX founder Sam Bankman-Fried was ordered jailed on Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.

    https://www.cbc.ca/news/world/sam-bankman-fried-bail-revoked-witness-tampering-1.6934340

    This is from handing the New York Times the private writings of Caroline Ellison, his ex-girlfriend, who was involved in all this.

    One of the better parts of the order:
    This defendant tries to go right up to the line – his use of the VPN to watch a football game over an account he wasn’t authorized, there it is… [h]e subscribed from the Bahamas and used a VPN as if he were in the Bahamas when he was in Palo Alto and could have watched it on public TV. It shows the mindset. All things considered I am going to revoke bail.

    I mean - judges do not take kindly to pissing on their orders.

    Am I parsing this right? After his extradition he vpn'd to The Bahamas to sign up for Sunday Ticket (which wasn't an authorized account on his bail) just to watch a 9er's game? Which would have been on OTA at Palo Alto.

    I guess you try something small and pointless to see if you get called on it, then you can use the defense "all I was doing was watching a football game that I could have watched legally anyway".

    And if you don't get called on it, you start pushing things more.

    PSN Fleety2009
  • Santa ClaustrophobiaSanta Claustrophobia Ho Ho Ho Disconnecting from Xbox LIVERegistered User regular
    edited August 2023
    Judges love this one secret trick!

    Santa Claustrophobia on
    You're muckin' with a G!

    Do not engage the Watermelons.
  • ArchangleArchangle Registered User regular
    SBF is back in the news again, this time attached to a lawsuit against Yuga Labs and auction house Sotheby's.

    https://arstechnica.com/tech-policy/2023/08/buyers-of-bored-ape-nfts-sue-after-digital-apes-turn-out-to-be-bad-investment/
    Sotheby's sold a lot of 101 Bored Ape NFTs for $24.4 million at its "Ape In!" auction in September 2021, well above the pre-auction estimates of $12 million to $18 million.
    So why does someone buying something at an inflated price and regretting it potentially provide grounds for a lawsuit?
    "Sotheby's representations that the undisclosed buyer was a 'traditional' collector had misleadingly created the impression that the market for BAYC NFTs had crossed over to a mainstream audience," the lawsuit claimed.
    The ongoing SBF proceedings have revealed that the wallet which received the ugly ape NFTs, described as belonging to a 'traditional' collector, was in fact controlled by FTX. The lawsuit alleges that Yuga Labs and Sotheby's colluded to misrepresent that mainstream non-cryptobro investors were willing to pay premium prices, when in reality it was just our friend SBF losing his first $10million dollars when NFT prices crashed 8 months later (the ape price has continued to slide and are currently worth around 20% of what FTX paid at the auction).

  • HevachHevach Registered User regular
    I mean... For a while there at the time that was the case. The NFT bubble was driven by a stream of greater fool regular fucks.

  • ButtersButters A glass of some milks Registered User regular
    The NFT bubble was driven by money laundering primarily.

    PSN: idontworkhere582 | CFN: idontworkhere | Steam: lordbutters | Amazon Wishlist
  • cloudeaglecloudeagle Registered User regular
    Butters wrote: »
    The NFT bubble was driven by money laundering primarily.

    Well, that and the fact that cryptocurrency can't be easily spent in the traditional sense, so the cryptobros had to do something with their "wealth."

    Switch: 3947-4890-9293
  • Captain InertiaCaptain Inertia Central OhioRegistered User regular
    Butters wrote: »
    The NFT bubble was driven by money laundering primarily.

    If we dig deeper we’re going to find out that FTX owned a different …ugh….”portfolio”…. of NFTs and this was part of a pump and dump (though I think they forgot that last part)

    l7ygmd1dd4p1.jpeg
    3b2y43dozpk3.jpeg
  • HefflingHeffling No Pic EverRegistered User regular
    Sotheby's doesn't want to be a part of a pump and dump scam when they do just fine selling artifacts looted from the colonies instead.

  • FencingsaxFencingsax It is difficult to get a man to understand, when his salary depends upon his not understanding GNU Terry PratchettRegistered User regular
    Heffling wrote: »
    Sotheby's doesn't want to be a part of a pump and dump scam when they do just fine selling artifacts looted from the colonies instead.

    Also money laundering in traditional artistic works

  • ArchangleArchangle Registered User regular
    My understanding is that BAYC was just a Pump scam - the NFTs were used as collateral for loans, and THAT money was used to fund pump and dump scams. i.e. You sell 9900 tokens at $5k then the last 100 at $250k, then apply for loans claiming they're all worth $250k.

    They didn't want the BAYCs to actually get traded, as that would inevitably drop the price and ruin their ability to get loans.

  • HevachHevach Registered User regular
    edited August 2023
    The loan scam was somebody using them to try and clean out a crypto loaning platform, they traded them between their own wallets and then used them as collateral to get a loan for far more than they were worth, which they never repaid, leaving the soon after insolvent lender with the apes.

    Yuga Labs definitely wants them traded. They get 2.5% of every ape trade and 5-10% of every other collection they've crapped out, and even higher on other stuff like slurp juice and poo tickets. In 2022 they made $150 million in royalties and even with the crash they've got several of the collections still moving around and are expecting close to $75 million.

    Hevach on
  • AngelHedgieAngelHedgie Registered User regular
    Today in Go Home Reality, You're Drunk, we have a crypto mining concern looking to go from a metaphorical tire fire to a literal tire fire:
    A bitcoin mine located at a waste coal power plant in Pennsylvania wants to add a new fuel to its power generation mix: scrap tires.

    Stronghold Digital Mining describes itself as an “environmentally beneficial” bitcoin miner. But during a virtual press conference on Monday, Russell Zerbo, an advocate at Clean Air Council, said the facility, Panther Creek, had received at least seven air quality violations since it was acquired by the cryptocurrency mining company in 2021.

    The press conference brought together representatives of local and national environmental organizations, including Earthjustice and PennFuture, along with residents of Carbon County—where the plant is located—to ask the Pennsylvania Department of Environmental Protection to reject Stronghold’s permit application for this new fuel source.

    Tires are a significant waste problem: The United States generates some 300 million scrap tires every year. According to the EPA, burning scrap tires is better than dumping them in a landfill, but not as beneficial as finding ways to reuse or recycle them. In a landfill, the flammable materials that tires are made of can pose a risk of uncontrolled tire fires. Abandoned tires can also become breeding grounds for disease vectors like mosquitoes.

    Another problem is that the burning of tires releases a number of air pollutants. In addition to the usual pollutants and greenhouse gases associated with burning fossil fuels—such as carbon oxides, sulfur oxides, and nitrogen oxides—burning tires can also release polychlorinated biphenyls (PCBs) and polynuclear aromatic hydrocarbons (PAHs), along with other hazardous air pollutants and metals. Many PAHs are carcinogenic, but as the environmental organizations protesting Stronghold’s application point out, Panther Creek does not monitor releases of these pollutants.

    XBL: Nox Aeternum / PSN: NoxAeternum / NN:NoxAeternum / Steam: noxaeternum
  • Eat it You Nasty Pig.Eat it You Nasty Pig. tell homeland security 'we are the bomb'Registered User regular
    Is it really Carbon County, jfc

    hold your head high soldier, it ain't over yet
    that's why we call it the struggle, you're supposed to sweat
  • AngelHedgieAngelHedgie Registered User regular
    edited August 2023
    Is it really Carbon County, jfc

    There's a Petroleum County here in Montana.

    Edit: Also, why do you think I said reality is drunk?

    AngelHedgie on
    XBL: Nox Aeternum / PSN: NoxAeternum / NN:NoxAeternum / Steam: noxaeternum
  • AngelHedgieAngelHedgie Registered User regular
    Judge is done with Sam Bankman-Fried's gooseshit, demands he put up or shut up:
    Since then, his lawyers have argued that Bankman-Fried hasn’t had adequate access to the internet or to the millions of pages of evidence produced by prosecutors, meaning he hasn’t been properly able to prepare for his defense. They have pushed for various solutions, including access to a laptop and Bankman-Fried’s temporary release, arguing that he’s had to endure spotty internet service and use laptops without enough battery life. His lawyers have also argued that any evidence surfaced by prosecutors in recent weeks should not be allowed at the trial in October.

    Kaplan’s frustration is not new, perhaps peaking in August, when the defendant leaked excerpts of the private diary of former FTX executive, star witness, and SBF’s onetime girlfriend Caroline Ellison to the New York Times. As Kaplan has noted in hearings, Bankman-Fried received exceptional treatment prior to the revocation of his bail, when he lived with his parents in their Palo Alto home.

    During Wednesday’s hearing, Kaplan rejected Bankman-Fried’s lawyers’ request that any evidence produced in recent weeks be excluded because they didn’t have time to review it. He pointed out that Bankman-Fried had “unfettered access” from his parents’ home until he was detained on Aug. 11. Prosecutors also noted how Bankman-Fried’s legal team, including staffers, is nearly a dozen strong.

    “There’s no evidence at all that the government didn’t act in good faith,” Kaplan said.

    If Bankman-Fried still has concerns about the upcoming trial date—both sides agreed to Oct. 3—Kaplan strongly urged defense counsel to file a request by the end of this week. The deadline to request a jury for the trial is Sept. 7, so it would be a waste of resources to ask for a postponement later, although the judge wouldn’t rule that out. He also made clear that even if a postponement is requested, it wouldn’t necessarily be approved, with Bankman-Fried’s lawyers needing to demonstrate a legitimate need for more time beyond just reviewing the latest documents.

    “There’s got to be more meat on those bones,” he said.

    XBL: Nox Aeternum / PSN: NoxAeternum / NN:NoxAeternum / Steam: noxaeternum
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  • Phoenix-DPhoenix-D Registered User regular
    Crypto people are dumbfucks about security so I wouldn't bet on it actually being compromised passwords.

    (For example none of those passwords should work at this point..)

    What people do to store passwords without using password managers is usually much worse.

  • zepherinzepherin Russian warship, go fuck yourself Registered User regular
    edited September 2023
    Phoenix-D wrote: »
    Crypto people are dumbfucks about security so I wouldn't bet on it actually being compromised passwords.

    (For example none of those passwords should work at this point..)

    What people do to store passwords without using password managers is usually much worse.
    Hey man I keep my password book with my laptop in my laptop bag for convenience.

    And my backup is an iPhone notepad stored on the cloud.

    zepherin on
  • HevachHevach Registered User regular
    edited September 2023
    Something to remember is you can't change your key to a crypto wallet. The only option if a wallet might be compromised is to abandon it, eat transaction fees to get your stuff out. And smart contracts aren't transferrable. Some can be simply reenabled on a new wallet, but a lot of the lending or defi or DAO platforms you need to give up your place in line and part (sometimes all) of the money if you abandon the wallet that entered the platform.

    If somebody has a rogue checkbook and you want to abandon your account, it's a matter of a phone call and a bit of a hold listening to that 45 second loop of music that almost sounds like something recognizable for a couple bars and then veers off into something else. But crypto was designed to penalize abandoning an account because an account is supposed to be an identity.

    Hevach on
  • Kane Red RobeKane Red Robe Master of Magic ArcanusRegistered User regular
    That's really dumb!

    I guess I shouldn't be surprised at this point but here we are.

  • ShadowhopeShadowhope Baa. Registered User regular

    Yeah. Banks really don’t like account takeovers. It’s what they consider to be a “repetitional risk.” Most banks now have a lot of automated systems that will shut down cards and accounts if unusual transactions are occurring - I had all my credit cards shut off by two separate banks at the same time while travelling overseas a few years ago, which was pretty awkward - and yes, I did notify the banks of my travel plans beforehand.

    Crypto is like “your account? Oh no, it’s their account now.”

    Civics is not a consumer product that you can ignore because you don’t like the options presented.
  • RMS OceanicRMS Oceanic Registered User regular
    Shadowhope wrote: »
    Yeah. Banks really don’t like account takeovers. It’s what they consider to be a “repetitional risk.” Most banks now have a lot of automated systems that will shut down cards and accounts if unusual transactions are occurring - I had all my credit cards shut off by two separate banks at the same time while travelling overseas a few years ago, which was pretty awkward - and yes, I did notify the banks of my travel plans beforehand.

    Crypto is like “your account? Oh no, it’s their account now.”

    To quote the OP Video about the functionalisty of Crypto Wallets: "Possession is Ownership, and Access is Permission"

  • ButtersButters A glass of some milks Registered User regular
    MorganV wrote: »
    Seems like securing crypto isn't as easy as some thought.

    https://krebsonsecurity.com/2023/09/experts-fear-crooks-are-cracking-keys-stolen-in-lastpass-breach/
    "Experts Fear Crooks are Cracking Keys Stolen in LastPass Breach"
    In November 2022, the password manager service LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users. Since then, a steady trickle of six-figure cryptocurrency heists targeting security-conscious people throughout the tech industry has led some security experts to conclude that crooks likely have succeeded at cracking open some of the stolen LastPass vaults.

    I dunno. Entrusting passwords to a third party manager, for your unaccountable untraceable unrecoverable funds, seems like a fraught issue.

    Especially given that password managers seem like the kind of thing that would be a significant target for these kinds of hackers.

    Also, if you are going to use a password manager try using one without a history of security breaches that takes up roughly half of its Wikipedia page.

    PSN: idontworkhere582 | CFN: idontworkhere | Steam: lordbutters | Amazon Wishlist
  • NeveronNeveron HellValleySkyTree SwedenRegistered User regular
    Hevach wrote: »
    Something to remember is you can't change your key to a crypto wallet. The only option if a wallet might be compromised is to abandon it, eat transaction fees to get your stuff out. And smart contracts aren't transferrable. Some can be simply reenabled on a new wallet, but a lot of the lending or defi or DAO platforms you need to give up your place in line and part (sometimes all) of the money if you abandon the wallet that entered the platform.

    If somebody has a rogue checkbook and you want to abandon your account, it's a matter of a phone call and a bit of a hold listening to that 45 second loop of music that almost sounds like something recognizable for a couple bars and then veers off into something else. But crypto was designed to penalize abandoning an account because an account is supposed to be an identity.

    The fundamental issue is that the blockchain is public and anyone can nominally add a new entry to the chain, so what stops you from adding an entry that's "[rich schmuck] sends one million bitcoin to my account" is just that to do that IIRC you need to have...
    • The public address for the target wallet
    • The public address for the sending wallet
    • The private key for the sending wallet
    • A mathed-out number that makes sense with all of the above
    (I might have some details wrong.)
    So you can't change your password, because your password is required for the fundamental math that identifies that your account is the one that was involved in the transaction.

  • discriderdiscrider Registered User regular
    Well, you can change your password pretty easily, by creating a new account and a new private key, but then:
    - transferring your crypto to the new wallet requires you to spend crypto, by either paying miners and/or straight burning the money.
    - transferring your crypto to the new wallet is also dependent on the speed of the mining
    - any smart contacts using your old account would have to be corrected somehow, if possible.
    - trying to transfer your crypto out of a particular exchange is likely to incur additional fees, but then, an exchange might just let you change the password to your account because their accounts are not actually implemented as crypto wallets.

    So making a new password is easy, but transferring everything across is a pain.

    And it requires you to act before someone else spends more of your crypto to steal it.

  • SchrodingerSchrodinger Registered User regular
    In honor of the new One Piece live action series making it to air, I'm reminded of this classic moment from NFT history:

    https://www.themarysue.com/shonen-jump-not-doing-nfts/





    "That response came a few hours after the initial post and, as we can see, it has a lot more likes than the announcement of the upcoming announcement. By over 50,000 – insert gif of Vegeta breaking his scouter."

  • AngelHedgieAngelHedgie Registered User regular
    So, it turns out that Texas paid a bitcoin miner millions so they wouldn't collapse the state power grid:
    During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it’s counting on energy credits from selling power back to the Texas grid to keep its costs under control.

    Riot said on Wednesday that it earned $31.7 million in energy credits last month from Texas power grid operator ERCOT. The company generated the credits by voluntarily curtailing its energy consumption during a record-breaking heatwave.

    The total value of the credits dwarfed the 333 bitcoin the company mined in August, worth about $8.9 million dollars as of the end of the month.

    XBL: Nox Aeternum / PSN: NoxAeternum / NN:NoxAeternum / Steam: noxaeternum
  • JazzJazz Registered User regular
    BBC News - Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
    A Turkish cryptocurrency boss and his two siblings have been jailed for 11,196 years each for defrauding investors of millions of dollars.

    Faruk Fatih Ozer, 29, fled to Albania in 2021 with investor assets after his Thodex exchange suddenly collapsed. He was extradited back to Turkey in June and found guilty of money-laundering, fraud and organised crime.

    Ozer told the court he would "not have acted so amateurishly" if his intent was criminal, state media reported.

    "I am smart enough to lead any institution on Earth," the Anadolu agency quoted him as saying. "That is evident in this company I established at the age of 22."

    The brief trial in Istanbul also found his sister Serap and brother Guven guilty of the same charges.

    Such extraordinary prison sentences are common in Turkey since the abolition of the death penalty in 2004 to aid efforts to join the European Union. Adnan Oktar, a TV cult preacher, was jailed for 8,658 years in 2022 for fraud and sex crimes. Ten of his followers received the same sentence.

    Prosecutors had asked for Ozer to be sentenced to 40,562 years in prison, AFP reported.

  • ElvenshaeElvenshae Registered User regular
    I can't believe they only gave him 25% of what the prosecutors were asking for.

  • Santa ClaustrophobiaSanta Claustrophobia Ho Ho Ho Disconnecting from Xbox LIVERegistered User regular
    Fucking revolving door jails.

    You're muckin' with a G!

    Do not engage the Watermelons.
  • BlackDragon480BlackDragon480 Bluster Kerfuffle Master of Windy ImportRegistered User regular
    No matter where you go...there you are.
    ~ Buckaroo Banzai
  • TomantaTomanta Registered User regular
    So, it turns out that Texas paid a bitcoin miner millions so they wouldn't collapse the state power grid:
    During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it’s counting on energy credits from selling power back to the Texas grid to keep its costs under control.

    Riot said on Wednesday that it earned $31.7 million in energy credits last month from Texas power grid operator ERCOT. The company generated the credits by voluntarily curtailing its energy consumption during a record-breaking heatwave.

    The total value of the credits dwarfed the 333 bitcoin the company mined in August, worth about $8.9 million dollars as of the end of the month.

    Texas encouraged them to set up shop, with these credits for turning their stuff off as an incentive.

    This is after the freeze shower all of the cracks in the system.

    Also in August they had 11 days asking people to cut back on usage, blaming lack of wind power (a small part of what is generated). Not blaming lack of other power generation or reserves to counter a shortfall, not blaming a lack of investment to keep up with demand... just no wind.

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