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Comment Not quite right (Score 1) 160

Everyone currently posting here has it just a bit off. From the FDIC page linked a few posts above (with emphasis added):

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

A individual checking account and individual savings account only count together as one ownership. However, two people can have one individual account each, plus a third account with joint ownership.

Comment Behind The Meter (Score 4, Informative) 84

This isn't targeting residents at all. You need to click through a few links, but the heart of the bill is just two paragraphs you can read here.

Distilling even further, it applies to permits: "FOR AN ELECTRIC GENERATING FACILITY THAT UTILIZES A CARBON-BASED FUEL AND THAT PROVIDES, IN WHOLE OR IN PART, BEHIND-THE-METER ELECTRIC ENERGY CONSUMED OR UTILIZED BY CRYPTOCURRENCY MINING OPERATIONS THAT USE PROOF-OF-WORK AUTHENTICATION METHODS TO VALIDATE BLOCKCHAIN TRANSACTIONS."

This bill clearly targets large power generation installations (which are already regulated) where the "behind the meter" usage supports mining. This means whatever you generate that you don't send back to the grid. They're asking for environmental impact statements before approving or renewing such permits.

It doesn't mention the level of power generation requires regulation in the linked regulation, but it certainly doesn't apply to adding a few solar panels on your roof or even a diesel generator in the back yard. This is targeting organizations that are building large carbon-based power plants, and again this is something that was already regulated. The only difference now is that if you're building the plant to supply mining operations, you're going to have to wait for approval.

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