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Texas PUC passes rule requiring cryptocurrency mines to register (chron.com)
4 points by toomuchtodo 8 months ago | hide | past | favorite | 3 comments



Just another example of how the "free market" electrical grid in Texas really works --- i.e. not very well and not without increasing government regulation and taxpayer money.

Texas; a state overflowing with energy, is slowly being coerced to accept reality that most others did long ago (Enron anyone???) --- that some things are simply too important to leave to the whims of the "free market" --- and reliability of the electrical grid just might be one of them.

With Trump promoting crypto, the situation looks to only get worse.

https://www.texasmonthly.com/news-politics/texas-bitcoin-min...


That makes no sense - it was a state entity that made the payout. The polar opposite of free market.

"the Electric Reliability Council of Texas, a state entity that manages the grid, paid Colorado-based Riot $31.7 million in energy credits "




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