Crypto miners must register with state and reveal power usage under new Texas rule
Crypto miners must register with state and reveal power usage under new Texas rule
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Texas’ utility regulator on Thursday adopted a rule requiring cryptocurrency mining facilities connected to the state’s main electric grid to register with the state’s grid operator.
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The rule, which was mandated by lawmakers in a 2023 bill, requires crypto mining facilities that consume more than 75 megawatts of power to tell the Public Utility Commission and the Electric Reliability Council of Texas
Is it really so difficult finding entities burning 75,000kWh to the point that they're having those entities come forward as opposed to just asking the utility and cross referencing the address for any sort of LLC or whatever? 75,000 kilowatts
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No it's not hard to find them, however without a law and duty to report, it's hard to charge them higher rates or to fine them when they misrepresent their usage.
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It's Texas. They have deregulated power. You think the companies would care as long as the money keeps flowing?
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