News Explorer — Texas Senate Passes Bill to Limit How Much Bitcoin Miners Can Be Paid Not to Mine

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Apr 12, 6:11 pm

Coindesk

Texas Senate Passes Bill to Limit How Much Bitcoin Miners Can Be Paid Not to Mine

The Texas Senate has passed a bill that will limit bitcoin miners' participation in demand response programs to 10% and abolish tax abatements for the industry. The House vote is expected to be more contentious due to the advocacy of Bitcoin miners against the bill. Supporters of the industry argue that miners' flexibility is an asset to the Texas grid, while critics view the program as subsidizing miners.

The Texas Senate has passed a bill that will limit bitcoin miners' participation in demand response programs to 10% and abolish tax abatements for the industry. The House vote is expected to be more contentious due to the advocacy of Bitcoin miners against the bill. Supporters of the industry argue that miners' flexibility is an asset to the Texas grid, while critics view the program as subsidizing miners.

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