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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.
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
It’s Texas. They have deregulated power. You think the companies would care as long as the money keeps flowing?
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.
“that’s literally communism!”
— Texans probablyConfirmed. I’m Texan and I say that about everything, you communist.
Yee haw! *accidentally shoot myself in the head and my limp body flops along the back of my spooked horse*
Hey y’all there’s a free horse over here! Looks like a helluva paint!
My wife is frustrated by how hard I’m currently laughing at this
Hehehe happy y’all had a chuckle. Time’s like these if we’re not laughing we’re crying. Hope you’re well.
Correct name
Makes sense; then they can be charged much higher rates during peak hours.
Wholesale energy prices or retail energy availability. Pick one.
