Texas could limit crypto miner participation in lucrative ERCOT programs
or more in the next four years. One megawatt can power about 200 Texas homes on a hot summer day, according to ERCOT.
Crypto miners, he said, tend to do most of their work when cheap, renewable power is abundant on the grid, and will shut down when power prices rise. And they have been active participants in programs for large electricity users that compensate them for turning off electricity during peak demand.
“It's not a punitive bill,” Kolkhorst said in the hearing. “Instead, it simply removes incentives for an industry that clearly does not need that assistance.” “This bill does not embody the free-market principles that have made Texas a global economic powerhouse,” Lee Bratcher, president of the Texas Blockchain Council, said in a statement.
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