Crypto Miners In Texas' ERCOT Region Required To Register, Report Power Demand

A new rule passed in Texas requiring cryptocurrency miners using the grid maintained by the Energy Reliability Council of Texas (ERCOT) to register and report key details about their facilities. CoinTelegraph reports: Under the Public Utilities Commission of Texas (PUCT) rule (PDF), passed on Nov. 21, Bitcoin miners must share the location, ownership information and demand for electricity of their facilities with the state agency. Miners have only one working day after the date their facility connects to the ERCOT grid to register and must renew every calendar year on or before March 1. ERCOT is an independent system operator representing 90% of the state's electric load. According to PUCT Chairman Thomas Gleeson, the new rule was designed to help manage the power grid as more mining facilities come online. "To ensure the ERCOT grid is reliable and meets the electricity needs of all Texans, the PUCT and ERCOT need to know the location and power needs of virtual currency miners," he said. Bitcoin miners who fail to register under the PUCT rule will face a Class A violation, which can result in up to $25,000 in daily fines.

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