Partnered With:

Texas Requires Certain Cryptocurrency Miners to Register and Report Power Consumption Information

BlockBeats News, November 25th, the Public Utility Commission of Texas has approved a regulation requiring Bitcoin miners using the Texas grid maintained by the Electric Reliability Council of Texas (ERCOT) to register and share key details of their facilities.

Under a recent rule passed by the Public Utility Commission of Texas (PUCT), Bitcoin miners must share their facility's location, ownership information, and power requirements with state authorities.

Miners have only one business day to register once their facilities are connected to the ERCOT grid, and must renew by March 1st of each year.

ERCOT is an independent system operator that handles 90% of the state's power load. According to PUCT Chair Thomas Gleeson, the new regulation aims to help manage the grid as more mining facilities come online.

Gleeson stated: "In order to ensure the reliability of the ERCOT grid and meet the power needs of all Texans, PUCT and ERCOT need to understand the location and power needs of cryptocurrency miners." (Cointelegraph)

Source

Correction/Report

RelatedRecommended

The full text of the White House report: Encryption mining challenges the US energy and climate issues

Mining faces new challenges: Angry Texans are fighting the noise of 80,000 mining machines

Life and preparation of miners after 8 months of BTC halving.

Iran Mining Advisory: When Mining Turns Into a Tool for Looting, the Country is Accelerating Toward Collapse

More than half of the mining equipment in Iran is controlled by official entities with ties to the government, especially the Islamic Revolutionary Guard Corps and its affiliates. They use "legitimate businesses" as a cover, but actually control the majority of Iran's cryptocurrency mining capacity.

Grayscale Report: Deconstructing the Bitcoin Mining Business Model and Sustainability

On-Chain Activity