- Crypto miners in Texas face new challenges with “approval to energize” studies.
- The first notice was announced on March 25.
- The Electric Reliability Council of Texas will vote next Wednesday to clarify the details.
–
Crypto miners in Texas now face a new challenge after the government is discussing a decision to request “approval to energize” studies for large-scale miners, Bloomberg reported.
Bloomberg shared the news on Twitter, with the caption: “Power-hungry crypto miners will face new hurdles connecting to Texas power grids, thanks to new state grid operator rules.”
Power-hungry crypto miners will face new hurdles connecting to Texas power grids, thanks to new state grid operator rules https://t.co/GA4E8Z78nO
—Bloomberg Cripto (@cripto) March 31, 2022
Meanwhile, the Electric Reliability Council of Texas Inc. (ERCOT) has begun asking utilities to submit studies establishing facts about the impact of miners and other large energy users. These studies will be a factor in determining whether they get “approval to energize” or not.
As announced in a notice on March 25, ERCOT members will vote on Wednesday to reach an agreement and discuss the details of a well-established plan to avoid being overwhelmed by changes.
This came about as a reaction to the huge demand for electricity coming from crypto miners. These measures are also a way of reforming the previous policy that ERCOT had used during the last period of time.
Lee Bratcher, president of the Texas Blockchain Council, commented on these changes.
We are starting a dialogue with Ercot now to ensure that this does not cause any delay to Bitcoin miners.
As a result of the new measures, large miners will be affected by being considered large energy consumers. Other large consumers, such as factories and natural gas export terminals, will also be affected, but they are not the target here.
–
