Parker Lewis and Will Cole have written an open letter to Texas State Senator Lois Kolkhorst expressing concern regarding Texas Senate Bill (SB) 1751, which she co-sponsored and recently passed. The bill seeks to limit the ability of bitcoin miners to participate in compensatory ERCOT programs, which incentivize load reduction, to 10% across all bitcoin miners in total. Lewis and Cole argue that the bill is misinformed, discriminatory, anti-competitive, harmful to the interests of grid stability, bad for consumers and a strategic setback for Texas. They encourage Senator Kolkhorst to engage further with bitcoin miners to better understand the matter generally and the consequences of the legislation. |