Texas will be home to 25% of
#Bitcoin
hashrate by the end of 2023. By the end of this decade,
#Bitcoin
mining will be more integral to the Texas economy than any other industry bar O&G.
Our 1,250+ Summit attendees were blown away by
@VivekGRamaswamy
’s keynote address yesterday! No notes, no teleprompter, just incredible oratory ability & substantive remarks! He contrasted Founding Principles with the current struggle against the overbearing federal bureaucracy.
BREAKING: Texas Legislature passes HB 591! it clarifies that formerly flared or vented gas can be sold to on-site mobile data centers.
This will be off-grid
#bitcoin
miners reducing the carbon impact by 63%!
Thanks to
@B_whitehead21
,
@petromundo1
for your help!
The
@TXblockchain_
is proud to have successfully pushed back against Federal overreach! The EIA and DOE have reversed course on every count. This is a picture of
@BitcoinPierre
, Chris Davis, Mark Siegmund, and Mark Shut (
@web3_ready
) holding up a giant copy of the
#Bitcoin
white…
Texas has positioned itself as one of the leading jurisdictions for
#bitcoin
, blockchain, & crypto, and we are just getting started.
HB 1576 & HB 4474 laid the groundwork, but there is more work to be done. Follow this account and
@txblockchain1
to learn what you can do to help.
It was an honor to meet fmr. Congresswoman and Presidential candidate
@TulsiGabbard
in Miami last week. Not only is she a Civil Affairs Officer in the US Army Reserves and a political leader who is willing to think critically, but she is also a thought leader working to ensure…
BREAKING: The Texas Legislature has just passed a first-of-its-kind proof of reserves bill! Here is a quote from the bill's author, Rep.
@VoteGiovanni
: “From the onset, we set out to create a model that would not just protect Texas consumers, but provide a path forward for the…
A plurality of Texas voters SUPPORT a Texas
#Bitcoin
Strategic Reserve!
This polling, conducted by a professional agency, surveyed likely Texas voters with a 2.2% margin of error.
Of those with an opinion, 54% support a Texas
#Bitcoin
Reserve!
Check out our response to Senator Warren’s letter about Texas Bitcoin Mining. Why is an east coast politician spending time worry about an industry that is bringing jobs & tax revenue to Texas rural communities?
@txblockchain1
The TBC is deeply concerned about the flagrant overreach by the EIA (Energy Information Administration) in its baseless emergency order to require Bitcoin mining firms to report energy consumption. This discriminatory action against certain consumers appears to advance fringe…
Great article from Bloomberg about the
#bitcoin
miners in Texas curtailing their power consumption during this heat wave:
Texas
#bitcoin
miners are not only good corporate citizens, but they are also good “grid citizens.”
We had a long but successful day at the Capitol today! Mark you calendars for April 25th for
@TXblockchain_
’s day at the Capitol. Let’s turnout hundreds of people wearing come and mine it shirts that day to send a clear message that Texas Is
#bitcoin
country!
The
@TXblockchain_
is proud to be pushing back against Federal Overreach. We initiated legal action last night, alongside our members
@RiotPlatforms
, to put a TRO on the EIA's "Emergency" Demand for proprietary information from bitcoin miners.
I was invited to speak on behalf of the bitcoin mining industry today at the Texas State Affairs Committee interim hearings on grid resilience & grid congestion.
#bitcoin
fixes this! The legislators were very receptive & interested to learn more!
#demandresponse
@reedclay
Unbelievable. In Texas, we don’t stand for the kind of fraud that
@SBF_FTX
perpetrated. I’m disappointed that a member of the US Congress is describing him as candid which has the connotation that he is being truthful.
.
@SBF_FTX
, we appreciate that you've been candid in your discussions about what happened at
#FTX
. Your willingness to talk to the public will help the company's customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.
In Austin today testifying in the Senate Business and Commerce Committee to ensure Texas remains a place for innovation, business expansion and prosperity! Thanks to
@BitcoinPierre
,
@KristineCranley
and
@MattPrusak
for providing testimony as well!
The Texas
#Bitcoin
mining industry continues to respond to weather conditions and generation trips in order to preserve power for Texans
@KenzieSigalos
Bitcoin miners in Texas respond to heatwave and record power demand by turning off and pushing power back to the grid! Thank you to
@PeterGWall
,
@chadeverett
,
@JasonLes_
,
@Nathannichols
, Samantha Robertson & many others!
Talking the convergence of stranded energy and bitcoin mining briefly with 2 sitting Governors.
@GovStitt
of Oklahoma and Gov Mark Gordon of Wyoming are forces for energy innovation!
The Texas Bitcoin Mining industry is prepared to curtail operations if it becomes necessary this week. Right now generation is well above electricity demand but we will be watching weather conditions and prepared to act if needed.
Solid group of West Texas / Canadian
#bitcoin
miners right there!
@PeterGWall
, and the
@ArgoBlockchain
team are crushing it at their Helios facility. Top employer in Dickens County!
On an even playing field, bitcoin miners are the most responsive and flexible load in ERCOT. SB 1751 would title the field in favor of established incumbent industries that can’t compete on a fair field.
Texas is in good company with Wyoming regarding
#blockchain
legislation. Thank you to
@CaitlinLong_
for the feedback on improving our legislation. Read more here:
It was great to connect with
@obi
, co-founder of
@fedimint
& investor in
@GridlessCompute
, at
@BitcoinConfUK
!
We had a great panel discussion about his work bringing hydro-energy & bitcoin mining to communities that are underserved by the power grid.
@OGBTC
SPECIAL ANNOUNCEMENT: Mr.
@RobertKennedyJr
will be speaking at the
@NABSummit
! His advocacy for
#bitcoin
and digital asset innovation is well known and we are pleased that he can join us for the premier digital asset industry and policy conference in North America.
It was fun to have Fort Worth
@MayorMattie
Parker come out to our banking and
#bitcoin
event today in Frost Tower!
@leskreis
and Mayor Parker are doing big things for Innovation and Tech in Fort Worth.
Please help us spread the word! While
@loiskolkhorst
is a patriotic hard-working Texas legislator, she is unintentionally increasing the likelihood for a CBDC in the U.S. by attacking bitcoin which, in conjunction with the US dollar and physical cash, is antithetical to a CBDC.
We are pleased to announce the launch of the Don't Mess with Texas Innovation Campaign in partnership w/
@SatoshiActFund
and the
@DigitalChamber
to combat the Texas anti-free market and anti-bitcoin mining SB 1751. Please help us spread the word.
Not every day you get to chat with the UK Minister of Trade about Texas/UK synergies! The Rt. Hon.
@PennyMordaunt
has brilliant ideas for strengthening the business relationship between Texas and the UK!
@txblockchain1
This chart from
@ERCOT_ISO
succinctly demonstrates the value proposition of bitcoin mining for grid stability. When prices rise, bitcoin miners (Large Flexible Loads, curtail their power consumption). This shaves the peaks off the duck curve!
@Yallitics
@TexasTribune
…
We are thrilled that the Don't Mess with Texas Innovation Campaign garnered so much support! Thank you to
@Dennis_Porter_
and
@PerianneDC
for partnering with the
@TXblockchain_
Council on this important initiative!!
🚨 We are thrilled to announce that
@Dennis_Porter_
will be doing a fireside chat with Senate Finance Chairman
@RonWyden
at the
@NABSummit
. Senator Wyden's professional approach and nuanced understanding of the
#bitcoin
& digital asset ecosystem is commendable!
Thank you Senator
@loiskolkhorst
for signing on as a co-author with Senator
@TanParkerTX
on SCR 25 expressing Texas’ opposition to a central bank digital currency!
Unbelievable what
@PayPal
thinks they can get away with on the censorship front. The TBCs PayPal account is now locked because we don’t have suppliers receipts for our membership sales. You don’t have suppliers or cost of goods sold for memberships. This is crazy.
Thanks to all that came out to our first Digital Freedom Rally and to
@SatoshiActFund
and
@DigitalChamber
for partnering with the
@TXblockchain_
Council on this.
We had some great BBQ talked about privacy, property rights, and
#bitcoin
, and liberty.
In addition to working against SB 1751, the
@TXblockchain_
is on the front lines of advocating for other policies that are geared toward making Texas the leader in bitcoin & digital assets! Here Julie Rogers &
@BitcoinPierre
testify on SB 770 relating to proof of reserves.
The
@TXblockchain_
Council & the
@DigitalChamber
statement on the EIA’s mandatory emergency survey can be found below. The bitcoin mining industry supports transparency but opposes the weaponization of federal agencies for political ends.
cc:
@PerianneDC
We are proud to stand with
@TXblockchain_
Council member company
@Consensys
as they push back against the SEC's attack on peer-to-peer blockchain tech and self-custody. What the SEC has done over the past several years is un-American and is pushing innovation overseas.
Today, we sued the
#SEC
.
They have no right to unplug the U.S. from
#Ethereum
.
They have no right to prohibit peer-to-peer blockchain software.
Too many Americans - developers, investors, and everyday users - are going to be hurt if they are allowed to continue unopposed.…
What a day!
@raybaybecca
and I were honored to be able to host independent Presidential candidate
@RobertKennedyJr
at the
@NABSummit
today! He is polling at 23%+ in several battleground states!
This is excellent data from the hard-working folks at
@ERCOT_ISO
. As the graph shows, bitcoin miners are extremely price-responsive and therefore not at risk to be consuming power during peak demand times. I wish the
@EIAgov
and
@SenWarren
would take 5 minutes to look at this.
ERCOT CEO Pablo Vegas on the
@wfaa
podcast
@Yallitics
: "The bitcoin mining business is different than a lot of other big loads that are out there because they are very price responsive....
1/ 🧵
Last year's Summit was the premier
#bitcoin
,
#blockchain
, &
#crypto
policy conference in the U.S! This year will be even better! I'll be giving away a free ticket to one of the people who retweets this post to help us spread the word! Follow so I can DM.
The TBC is excited to announce our endorsement of Gov Abbott for re-election. Gov Abbott signed HB 1576 & HB 4474 (the
#Bitcoin
Bill) into law & has been a champion for our industry by advocating for a regulatory environment that allows innovators to build and freedom to spread!
Texas is the land of opportunity & innovation.
I’m proud to receive the endorsement of the Texas Blockchain Council.
The Lone Star State is poised to be a world leader in blockchain & cryptocurrency.
@txblockchain1
The O&G sector is around 9% of Texas' GDP today.
#Bitcoin
mining is much less than 1% of Texas' GDP. This is not a zero sum game. The pie will grow as Bitcoin mining expands to around 3% of Texas' GDP by 2030 & it will actually cause the energy sector (renewables included) grow!
Grid operators have a constant challenge to match the supply and demand of electricity in order to ensure the grid frequency remains at the optimal level of 60 Hz. Check out the graphic below that demonstrates which loads are most helpful in that task.
@GideonOPowell
We appreciate
@SenTedCruz
coming out to Rockdale Texas to see how
#bitcoin
mining is creating jobs and providing a demand response resource for the grid! Thank you to
@chadeverett
and the
@RiotBlockchain
team for touring us around the facility!
Team members of the
@TXblockchain_
team were down at the Capitol today testifying on HB 1666 (PoR and transparency legislation for the digital asset exchange industry) and coordination with elected officials and staffers on HB 2223 relating to bitcoin mining and grid stability.…
The Texas grid is responding well to this arctic blast. Right now there are 6000 MWs of generational reserve capacity which is about 1.5x higher than normal. The Bitcoin miners curtailed their power consumption between 5pm on Thursday & Friday morning.
The
@SatoshiActFund
and
@TXblockchain_
partnered with renowned law firm Wiley Rein LLP to submit an amicus brief to the U.S. Court of Appeals asking it to require the SEC to begin a rulemaking process that balances the viewpoints of cryptocurrency stakeholders.…
White out conditions at the top of Jackson Hole. Warmed up with some blues and now about to do some runs that I probably shouldn’t 😅.
#bitcoin
Ski Summit Jackson Hole.
I had a great time at
@TCU
yesterday speaking to Professor
@Chicotsky
's class. Thank you to
@CryptoKohn
for the invitation! Notice all the TCU students putting up the horn frog sign (and how big the class is!) while
@TBCAmy
appears to be repping Boomer Sooner?
I’m testifying today at the Texas capital at the Texas Ethics Commission on crypto donations to candidates for public office. One of the commissioners just cited a study that showed that ONE THIRD OF ALL SMALL AND MEDIUM SIZED BUSINESSES IN THE U.S. ACCEPT CRYPTO!
Another great day at the Capitol with
@KristineCranley
, TBC Dir. of BDev & Justin Hamilton (potential
@TXblockchain_
summer intern)! Passing out flyers for the Digital Freedom Rally tomorrow and supporting
@ATXDAO
as they testified on HB 3768.
It was great to briefly catch up with SEC Commissoner
@HesterPeirce
today in Austin. She exemplifies the evenhandedness and tact of an observer who is above the fray. Her opinions are incredibly well reasoned providing all of us with ample weekend reading.
BREAKING NEWS:
#Blockchain
Legislative Champion Rep.
@TanParkerTX
will be running for the Texas Senate seat vacated by retiring Senator Jane Nelson. . The Texas Blockchain Council (
@txblockchain1
) is proud to endorse him for this office!
Scotland is beautiful! We are here for the
@BitcoinConfUK
& last night we drove up to Inverness. They shouldn’t allow Americans to rent a manual Kia & drive through the highlands. Naturally they drive on the Wrong side of the road & I had to use my left hand to switch gears.
After hearing what
@PeterMcCormack
did with his home town football/soccer team (buying it and making it a
#Bitcoin
centric team) it got me thinking..What if Texas Bitcoiners established a DAO to buy a minor league team based in Texas?
It is an honor to be one of the founding board members of the Texas
#Bitcoin
Foundation! This 501(c)3 entity is poised to compliment the work of the TBC by taking a macro view of the societal changes that Bitcoin will bring about in our communities, in Texas and around the world.
I am profoundly excited to announce the launch of the Texas Bitcoin Foundation (
@TXBitcoinFound
), a 501(c)3 charity driving research and education about
#Bitcoin
.
BREAKING: Texas Senator
@TanParkerTX
files a concurrent resolution "expressing the State of Texas' opposition to the creation of a central bank digital currency."
Senator Parker is an advocate for freedom and free enterprise!
🤠 Texas proudly holds its crown as the reigning 👑 King of
#Bitcoin
mining in the 🇺🇸 USA as giants like Riot keep ramping up their Hash Power in the Lone Star State 💪
TEXAS named in the top three states for digital asset innovation! "Lee Bratcher, founder and president of the Texas Blockchain Council, explained that the state has a history of creating an environment that is conducive to innovation and economic growth."
Testified today to the Pensions, Investments, & Financial Services committee today on bitcoin, blockchain & crypto in Texas. What a great group of public servants! We’ve come a long way but there is still much work to be done next session!
@TanParkerTX
@VoteGiovanni
@RafaelAnchia
It’s always a good time hanging out with
@PeterMcCormack
. On this episode we talked about Texas
#bitcoin
mining, the
@SenWarren
letter to ERCOT, and Texas’ fight against a U.S. CBDC.
Today was a momentous day for Dickens County in West Texas with the
@ArgoBlockchain
Helios facility grand opening! It was no surprise to see Rep.
@Burrows4TX
& Senator Charles Perry (
@electcharles
) there celebrating these new jobs with their constituents.
@reedclay
@PeterGWall
What an honor to have Mr. Drayton McLane invite me to Temple to talk
#bitcoin
mining and how Texas is benefiting from tax revenue, job creation, & grid stability! Congratulations to
@Nathannichols
and the whole Rhodium team on their central TX expansion.
@GregAbbott_TX
@reedclay