Comment on Amid explosive demand, America is running out of power | AI and the boom in clean-tech manufacturing are pushing America’s power grid to the brink. Utilities can’t keep up.

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BassTurd@lemmy.world ⁨3⁩ ⁨months⁩ ago

Your examples operate under the assumption that power is limitless. If people don’t have power because crypto cunts are bogarting it, they won’t care at all that there is tax money coming in. Further, since it is a limited resource, there isn’t an increase in tax revenue, it’s just being paid by someone else at the expense of people not having access to power. Likewise, the power companies are still serving the same amount of juice, so they aren’t getting more money, it’s just coming in from a single entity instead of from thousands of individuals.

I haven’t read any of the agreements these crypto companies have, but I wouldn’t be surprised if they got tax and other financial breaks, further hurting people that are losing out on power.

There is little to no benefit at all for the general population by allowing unlimited access to power for crypto. Maybe it brings in a couple more jobs, but it’s not like a power plant has a linear scale of employees required to power output. So it could enrich a handful of people by taking resources from many more people.

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