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  • Amid power grid concerns, Texas lawmakers change tune on bitcoin mining

    06/14/2024 12:41:38 AM PDT · by Oscar in Batangas · 8 replies
    (WFAA) ^ | June 13, 2024 | Matt Houston
    Few states or countries were more welcoming to cryptocurrency miners than Texas. Now, lawmakers are expressing more skepticism. ... "Why is it that the cryptocurrency miners get such a sweetheart deal when we were here first?" asked energy economist Ed Hirs. "The cryptocurrency miners operate as a parasitic load," Hirs continued. "They're the tapeworms of the ERCOT grid." ... "I'm not sure how the legislature is going to deal with it," Hirs said. "Can you put the genie back in the bottle?" ... (Lee) Bratcher argues people who do not believe in Bitcoin can still appreciate the mining operations because...