Texas Just Changed the Rules for Bitcoin Miners

Texas is ending 4CP. The incentive that saved flexible miners roughly $50,000 per MW per year is likely in its final season, and ERCOT is moving toward 12CP by 2028. Haley Thomson, Director of Energy at Luxor, explains what that means for Bitcoin miners and who ends up paying for the grid.Haley breaks down how 4CP actually works, why firm loads are pushing for change, and how 18+ GW of new battery storage has compressed capacity prices across ERCOT. We also cover why Bitcoin mining is close to the perfect grid-balancing load, how batteries and miners compare as grid assets, and...