What’s more profitable in Texas? Demand Response or Bitcoin Mining?

What is happening? Let’s compare Riot BlockChain’s Summer earnings. Surprise! Most of its revenue was related to demand response.

Why is this important? In July 2022 it mined 318 bitcoins, based on a Bitcoin price of $21,634, is a total value of $6,879,612. During the same period, Riot Blockchain received the $9.5 million in power credits based on  long-term power agreements.

How will this be important? 2023 Texas Legislature will likely take on this issue.

Smart Energy International | Demand response proves more profitable than Bitcoin mining in Texas