2018-6-15 15:01 |
A county in the U.S. state of Montana has postponed a decision on whether it should temporarily ban new bitcoin mining projects.
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Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.
The legislation would have capped the industry's participation in demand response programs.
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The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits.
"We are taking proactive measures to shut down operations, shed load and create additional capacity in response to ERCOT's needs should it be necessary,” said the Texas Blockchain Council on behalf of mining firms.