The bill will also take away tax abatements for certain property and require miners with more than 10 megawatts of computing power to register as large flexible loads operators with the Texas grid operator, ERCOT.
SB 1751 is sponsored by three Republican state senators: Lois Kolkhorst, Donna Campell and Robert Nichols. None of the senators could be reached for comment at the time of publication. "We urge all Texas residents to reach out to their representatives and encourage them to vote against this anti-free market bill that would increase ERCOT’s cost for procuring demand response services, ultimately leading to increased costs for Texas ratepayers and reduced grid stability," said Texas Blockchain Council Director of Business Development Kristine Cranley.
It's crucial to balance Bitcoin mining with sustainable energy practices.
this the same state that just pardoned a RACIST KILLER?
BNBB Bull!!
Did everythingg right,, thanks.
Nothing to worry about
The proposed law you're referring to is Texas Senate Bill 1362, which would require cryptocurrency mining operations to meet certain environmental and disclosure requirements in order to qualify for tax exemptions. Specifically, the bill would require mining facilities to report…
Sounds bad( but I’m sure Texas will get through this
egreechee How is this helpful for electric utilities? What am I missing
Can't believe it's been a year since we met her