Comment on Texas paid a Bitcoin miner to use less electricity during hottest monthparentComments−_trapexit2yNot only that... they were "paid" in credits. Not USD as many suggest. Though more likely they don't understand what that means.−andrewxdiamond2yFor a crypto miner, electric credits are as good as cash.−_trapexit2yNo, they aren't. Credits aren't as liquid or fungible. You can't pay for equipment, salaries, vendors, etc. in energy credits.
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Not only that... they were "paid" in credits. Not USD as many suggest. Though more likely they don't understand what that means.
For a crypto miner, electric credits are as good as cash.
No, they aren't. Credits aren't as liquid or fungible. You can't pay for equipment, salaries, vendors, etc. in energy credits.