Texas Enforces Crypto Miners to Register and Report Power Usage

Texas has implemented new regulations requiring cryptocurrency miners to report their electricity usage to better manage the state's power grid. This move, announced by the Public Utilities Commission of Texas, aims to ensure grid stability amid increasing crypto mining operations attracted by low energy costs. The regulation reflects a global trend of jurisdictions addressing the environmental and infrastructural impacts of crypto mining, with varying approaches like New York's temporary moratorium and China's ban. These measures are crucial for balancing industry growth with local energy and environmental needs.