Texas Senate Bill Seeks To Restrict Demand Response Arrangements

Bill authors want to slash Bitcoin mining incentives in the state.

Texas Senate Bill Seeks To Restrict Demand Response Arrangements
  • On Tuesday the Senate Committee on Business and Commerce heard testimony on a bill that would mandate virtual currency mining shut down during times of a power emergency.
  • Senate Bill 1751 would also ban ERCOT from compensating bitcoin miners for shutting down during demand spikes.
  • The bill also seeks to control electricity demand from bitcoin mining by restricting the tax incentives to lure them to Texas.

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Author: EZ
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