Still~Gbenga on Nostr: The U.S. Department of Energy (DOE) is taking a closer look at bitcoin {BTC} mining. ...
The U.S. Department of Energy (DOE) is taking a closer look at bitcoin {BTC} mining. Is this cause for alarm?
More specifically, the Energy Information Administration (EIA), a statistics agency under the DOE, will survey the electricity use of selected U.S.-based miners over the coming six months starting next week, after putting out an “emergency collection of data request.”
Given the phrasing of an “emergency” order and the current administration’s crypto-critical stance, many are worrying that the information collected will be used to inform potentially harmful policies to the mining industry. In its public filing, the EIA cites the possibility of “public harm” from crypto mining for collecting the data.
“EIA is policy neutral agency that does not create policy, implement policy, enforce policy or comment on policy.
More specifically, the Energy Information Administration (EIA), a statistics agency under the DOE, will survey the electricity use of selected U.S.-based miners over the coming six months starting next week, after putting out an “emergency collection of data request.”
Given the phrasing of an “emergency” order and the current administration’s crypto-critical stance, many are worrying that the information collected will be used to inform potentially harmful policies to the mining industry. In its public filing, the EIA cites the possibility of “public harm” from crypto mining for collecting the data.
“EIA is policy neutral agency that does not create policy, implement policy, enforce policy or comment on policy.