Re: Biden is asking Congress to kill the American Bitcoin mining industry
They pay a huge electric bill that supports power generation and people in the plant. They rent/buy the building, They pay taxes the sewage and water bills. In Texas they burn tons of excess generation that they pay for and doesn't get scuttled into "reactors" that burn of excess power into heat. During times of high grid demand the idle the machines out. These jobs pay higher than Taco Bell (nothing wrong with that job) so it's not 1 to 1. Besides they are pretty benign neighbors.
All business in one way or another do this. The additional services needed to support it. Using Taco Bell, the truck driver who gets a couple of extra drop offs a week doing the bulk food delivery. The waste oil recycling people. Probably another dozen other things. BUT politicians like to point to direct job creation. The secondary and tertiary numbers are harder to quantify. But saying I helped build this car dealer that will have 8 mechanics, a dozen sales people and all the other support staff is easy to show. AND people understand car dealership or Taco Bell.
It's just the way it is.
https://youtu.be/4cF6D8zDa9U?t=13
-Dave