Texas cracks down on BTC mining with new bill
Senate Bill 1751 will eliminate tax breaks and subsidies for miners and curtail their participation in the demand response program with state power firm ERCOT.
Senate Bill 1751 will eliminate tax breaks and subsidies for miners and curtail their participation in the demand response program with state power firm ERCOT.
Studies show Texas could see its global 'crypto' mining power mount to 20% next year, sending worries about skyrocketing electric costs and its impact on the state's grid and the environment.
The heat wave in Texas is setting new records, leading to a spike in electricity demand by the residents, and BTC miners have to take a back seat.
A rare winter storm has plunged the state of Texas into an energy crisis, leaving millions of its residents without power and many locally based block reward mining facilities struggling to operate.