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    Texas Implements New Registration Requirement for Bitcoin Miners on ERCOT Grid to Enhance Power Management

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    HI, The Power in Energy, and how new technologies can shift it, man, mining, environment, miner, blockchain, electricity, wires, crypto coin

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    Texas has implemented a new requirement for Bitcoin miners using the Energy Reliability Council of Texas grid to register and share detailed information about their operations, including location and energy consumption. The Public Utilities Commission of Texas has introduced this rule to better manage the power grid. Violating the new rule could result in a large fine. Despite this, Texas Senator Ted Cruz is encouraging a friendly environment for Bitcoin in the state, stating it should remain outside of government control.

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    Texas has enacted a new ruling requiring those who mine Bitcoin using the Energy Reliability Council of Texas (ERCOT) grid to register and provide essential information about their operations.

    So as per the rule declared by the Public Utilities Commission of Texas (PUCT) on November 21, Bitcoin miners now have to disclose the location, who owns it, and how much electricity it needs for their mining places.

    BTC miners are expected to register within a day once they hook up to the ERCOT grid and then renew their registration every year on or before March 1st. ERCOT, by the way, takes care of about 90% of Texas’s electric load.

    The sole purpose of this rule is to manage the power grid better since more and more Bitcoin mining places are starting to pop up. So to ensure that the power grid continues to function reliably and can cater to the energy needs of everyone in Texas, it’s critical to know where these Bitcoin mining places are and how much power they need, according to PUCT Chairman Thomas Gleeson.

    Quick reminder— back in 2021, following a crackdown on crypto mining in China, many miners relocated and found a new home in Texas to carry on their operations.

    And if you decided to mine Bitcoin but chose not to follow the PUCT rule, beware! It’s considered a Class A violation and you’re gonna be hit with fines of up to $25,000 per day.

    Meanwhile, Texas Senator Ted Cruz wants to create a welcoming environment or as he said, an “oasis” for Bitcoin and other cryptocurrencies. In his recent chat with Fox Business, he stated the biggest threats to Bitcoin come from the federal government and politicians who have been pretty blatant about their dislike for digital currencies.

    In his view, they hate Bitcoin simply because it doesn’t play by their rules—it’s decentralized and they can’t control it. Cruz was clear on his stand: “I want it out of government control; I don’t want federal bureaucrats having control over it.”

    As per Cruz, he wants Texas to be a safe place for Bitcoin and cryptocurrency, with miners and innovators from across the globe heading to Texas to invest and provide new jobs in Bitcoin and other digital currencies.

    Lastly, Cruz also highlighted that with the current boom in the cryptocurrency market, people are reacting positively to what they perceive will be a more favourable regulatory environment following Donald Trump’s success in the US election.

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