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2024-11-25 21:48:30

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Regarding “These reports must include data on the volume of bitcoins mined” (paragraph three in the article) can you point me to where you found this requirement?
After looking at the rule from PUCT (25.114) as well as the Texas statute that prompted the rule (“PUBLIC UTILITY REGULATORY ACT Sec. 39.360. LARGE FLEXIBLE LOAD REGISTRATION”) I did not find anything that could be construed as requiring a report on the volume of bitcoins mined, or anything else mined (the rule broadly targets “virtual currency mining”)
Separately, I do think that the statute (and by extension, rule 25.114) is ill-conceived in that it makes a different rule the electrical consumption of a computer based on what software it is running rather than its electrical load profile.
Thank you for your attention @npub1rd0…r3ys
Sources:
Texas PUBLIC UTILITY REGULATORY ACT Sec. 39.360. LARGE FLEXIBLE LOAD REGISTRATION
https://statutes.capitol.texas.gov/docs/UT/htm/UT.39.htm

2024-11-25 21:48:30

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2024-11-25 19:41:29

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Thank you for the update, very gracious.

2024-11-25 19:41:29

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Thank you for the update, very gracious.

2024-11-25 18:31:28

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75 megawatts and above only! Important to note that this only applies facilities with an electrical load of 75 MW (page 5 of the below linked rule). Incorrect to say this rule applies “all Bitcoin miners operating on ERCOT”, as stated in the post above, and article. @npub1rd0…r3ys please make a correction to not mislead your readers.
We can have a more informed discussion about the implications of the actual rule when we’re talking about the actual rule, not a gross misunderstanding of it. On initial reading (note the caveat) this looks to be aimed at grid stability rather than a ploy to vacuum the personal details of home miners, small, medium, and even somewhat large scale miners. 75MW is industrial. Let’s talk about the merits of that.
Sources
1. The actual rule from Public Utility Commission of Texas:
https://interchange.puc.texas.gov/Documents/56962_17_1444154.PDF
2. Press release from Public Utility Commission of Texas:
https://ftp.puc.texas.gov/public/puct-info/agency/resources/pubs/news/2024/PUCT_Approves_Rule_Requiring_Registration_of_Virtual_Currency_Mining_Facilities.pdf
3. More thorough reporting from Utility Dive:
https://www.utilitydive.com/news/texas-requires-bitcoin-miners-to-register-with-electric-grid-operator-ERCOT/733848/

2024-11-25 18:31:28

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