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hddsx , 11 months ago

Because it’s Texas land of the free.

Individuals can do whatever they want and the costs are set appropriately. Mining bitcoin is more profitable than the cost of electricity. They can either jack the prices up for everyone, or pay miners not to mine. It’s cheaper to pay.

Is it cheaper to ban mining or improve infrastructure? Sure, but there is no societal good, only individual. Banning mining would be an “infringement on the right to make money”.

Texas.

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