A 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
A Texas state bill that would have limited bitcoin miners' participation in cost-saving grid programs has not moved past a committee in the state House of Representatives, meaning its progress has been halted.in April. It would have limited bitcoin miners' participation in demand response programs – under which they get paid in credits to turn off their operations when the power grid sees a surge of demand – to 10% and abolish tax abatements for the industry.
The statement emphasized the importance of the campaign mounted against the bill by Porter's organization, the Satoshi Action Fund, as well as industry groups Digital Chamber of Commerce and Texas Blockchain Council. A House committee that would have recommended the bill to the full legislature never voted on it, the statement said.
Texas is one of the biggest mining hubs in the world, thanks to favorable regulation and cheap energy.
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