nickovs writes: The Register reports that the Bitcoin miner Riot Platforms made more money in August from not mining Bitcoin than from doing so, as a result of credits that the company received for not running its mining rigs.

Not only did it make more money from power credits and demand response credits than it did from mining coins, the company’s monthly report shows that August credits totalled $31.6M, more than two and half times the total value of bitcoins mined in July, when energy prices, and credits, were significantly lower.

The Register reports that: The Electric Reliability Council of Texas (ERCOT) operates a demand response program that allows big energy consumers, like Riot, to earn power credits for using less of it for operations and selling power back to the grid, as well as additional credit for being enrolled in its demand response programs.

Read more of this story at Slashdot.