Texas Threatens to Dim the Lights on Bitcoin Miners
A proposal by the Texas Senate committee could make bitcoin mining in the state less appealing.
On April 4, lawmakers unanimously approved Senate Bill 1751.
The bill, supported by Republican state senators Lois Kolkhorst, Donna Campbell, and Robert Nichols, aims to eliminate tax benefits and require miners using more than 10 MWs to register as flexible load operators with the state’s grid operator ERCOT.
Thanks to its deregulated grid, low electricity costs, and renewable energy options, Texas is currently a major hub for Bitcoin mining. Miners nationwide reportedly use 75% more power than last year.
However, the state’s grid has experienced deadly outages during extreme weather in recent years, making the issue of consistent energy supply contentious.
The proposed bill would limit miners’ participation in demand response programs to 10% of the total program. The bill is now headed for a floor vote in the Texas Senate before moving on to the House.
Author
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else.
It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other.
What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn?
He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
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