The Texas House and Senate have passed House Bill 591 – paving the way for Bitcoin miners to use flare gas emissions.
Good for the environment
In a message from the Texas Blockchain Council, posted by the Documenting Bitcoin Twitter, it was explained that the bill “clarifies” the sale of flare emissions for use by mobile data centers – which often include Bitcoin miners.
Moreover, the host added that the move would lead to a “63% carbon impact reduction” by recycling waste flare emissions that would otherwise be vented or burned into the atmosphere.
“It’s a great example of industries coming together to create economic activity, jobs, and tax revenue, while at the same time mitigating carbon emissions.”
A deep examination of the bill showed the proposal was based on ratifying tax exemptions for the flare recycling process – thus lowering the cost of using this form of energy.
“Relating to an exemption from the severance tax for gas produced from certain wells that
We współpracy z: https://cryptoslate.com/texas-embraces-greener-bitcoin-mining-with-approval-of-flare-gas-emission-bill/
