Bitcoin Miners Gain Support From Texas With Two Bills Passed, One Halted

United States News News

Bitcoin Miners Gain Support From Texas With Two Bills Passed, One Halted
United States Latest News,United States Headlines
  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

The Texas legislature passed two bills that signal support for bitcoin mining and halted one in the session that adjourned on May 29. egreechee reports

. Demand-response programs are various schemes in which miners get power credits for curtailing their operations at times of peak energy demand.

State Sen. Lois Kolkhorst, the bill’s lead sponsor did not respond to CoinDesk’s request for comment on this story. "More miners in the [demand-response] program means more load can be reliably called on to help balance the grid," said Dennis Porter, who leads another industry advocacy group, Satoshi Action Fund."We are increasing communication with the PUC and ERCOT which will improve transparency and publicly available data on mining which ultimately is good for the industry," he noted.

However, the opposition of SB 1751 isn't what defeated it, said Jackie Sawicky, who has brought together hundreds of Texas residents in an activist group called

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Texas Bill That Would Limit Miners' Participation in Cost-Saving Grid Programs Stopped in House CommitteeTexas Bill That Would Limit Miners' Participation in Cost-Saving Grid Programs Stopped in House CommitteeA Texas bill that would have capped bitcoin miners' participation in demand response programs didn't make it past a state House of Representatives committee. egreechee reports
Read more »

Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt – Exchanges Bitcoin NewsBinance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt – Exchanges Bitcoin NewsCustomers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday.
Read more »

Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay – Mining Bitcoin NewsTether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay – Mining Bitcoin NewsThe stablecoin issuer Tether said it believes Uruguay is the ideal location for bitcoin mining production.
Read more »

‘The Bitcoin Standard’ Author Becomes Economic Advisor to El Salvador’s Bitcoin Office | CoinMarketCap‘The Bitcoin Standard’ Author Becomes Economic Advisor to El Salvador’s Bitcoin Office | CoinMarketCapCryptoNews: Dr. Saifedean Ammous, renowned economist and author of 'The Bitcoin Standard,' will take on a new role as an Economic Advisor to El Salvador's Bitcoin Office. 🇸🇻
Read more »

Texas mother, father graduate from Texas university with daughterTexas mother, father graduate from Texas university with daughterFor the Adams family, graduation day was a spectacular occasion because the daughter, mother, and father received their degrees the same day.🎓🥳
Read more »

Why does the Texas Legislature meet for only 140 days every two years?Why does the Texas Legislature meet for only 140 days every two years?Army veteran Denise Gordon questioned whether it makes any sense for lawmakers from the second-largest state in the country and one of the largest economies in the world to meet so infrequently.
Read more »



Render Time: 2025-02-24 04:47:39