Bitcoin on Nostr: Texas Bitcoin Miners Win Temporary Reprieve A federal judge has temporarily blocked ...
Texas Bitcoin Miners Win Temporary Reprieve
A federal judge has temporarily blocked the Department of Energy's initiative to gather electricity consumption data from cryptocurrency miners, marking a victory for Texas Bitcoin mining advocates. This decision came in response to a lawsuit suggesting that the emergency data collection procedure bypassed public notice and comment, labeling it as an unwarranted attack on the sector. The crypto mining industry, criticized for its substantial energy consumption, has defended its practices by highlighting their capacity to enhance grid stability by voluntarily reducing operations during peak demand periods.
- Cryptocurrency mining operations, especially prominent in Texas, have been under scrutiny for their high electricity usage and potential impact on grid stability and fossil fuel dependency.
- The Texas Blockchain Council and Riot Platforms are pushing for a permanent injunction against the Department of Energy's data collection efforts, arguing it could cause competitive harm and infringes on lawful data gathering processes.
https://www.houstonchronicle.com/business/energy/article/texas-bitcoin-council-doe-suit-18684690.php
A federal judge has temporarily blocked the Department of Energy's initiative to gather electricity consumption data from cryptocurrency miners, marking a victory for Texas Bitcoin mining advocates. This decision came in response to a lawsuit suggesting that the emergency data collection procedure bypassed public notice and comment, labeling it as an unwarranted attack on the sector. The crypto mining industry, criticized for its substantial energy consumption, has defended its practices by highlighting their capacity to enhance grid stability by voluntarily reducing operations during peak demand periods.
- Cryptocurrency mining operations, especially prominent in Texas, have been under scrutiny for their high electricity usage and potential impact on grid stability and fossil fuel dependency.
- The Texas Blockchain Council and Riot Platforms are pushing for a permanent injunction against the Department of Energy's data collection efforts, arguing it could cause competitive harm and infringes on lawful data gathering processes.
https://www.houstonchronicle.com/business/energy/article/texas-bitcoin-council-doe-suit-18684690.php