30/03/2023
Pierre Rochard, VP of research at Riot Platforms testified yesterday that Bitcoin is a net positive for the state. The Senate Committee on Business and Commerce heard testimony in regards to a Texas bill that would prohibit flexible load agreements between bitcoin miners and energy providers yesterday. The bill aims to ban the arrangements in which energy providers like ERCOT would pay bitcoin mining operators to turn off their facilities, effectively freeing the now-excess energy for usage during emergencies or high demand time periods....
Pierre Rochard, VP of research at Riot Platforms testified yesterday that Bitcoin is a net positive for the state.