Bitcoin on Nostr: Bitcoin Miners Sue Over Energy Survey The Texas Blockchain Council is suing the U.S. ...
Bitcoin Miners Sue Over Energy Survey
The Texas Blockchain Council is suing the U.S. Department of Energy's Energy Information Administration over a mandatory survey on Bitcoin miners' energy use, branding it illegal and an attack on private business. The survey aims to assess the significant power consumption of the industry, which can account for up to 2.3% of the nation's total demand. Bitcoin mining has flourished in states like Texas and Georgia, especially after China's ban on the practice in 2021.
- Despite the industry's growth and its substantial electricity use, the EIA has agreed not to enforce the survey's completion and to keep the collected data confidential.
- The lawsuit reflects the tension between the burgeoning Bitcoin mining sector and efforts to regulate its impact on power grids and energy consumption.
https://www.dallasnews.com/business/2024/02/25/texas-bitcoin-miners-sue-energy-department-over-data-usage-survey/
The Texas Blockchain Council is suing the U.S. Department of Energy's Energy Information Administration over a mandatory survey on Bitcoin miners' energy use, branding it illegal and an attack on private business. The survey aims to assess the significant power consumption of the industry, which can account for up to 2.3% of the nation's total demand. Bitcoin mining has flourished in states like Texas and Georgia, especially after China's ban on the practice in 2021.
- Despite the industry's growth and its substantial electricity use, the EIA has agreed not to enforce the survey's completion and to keep the collected data confidential.
- The lawsuit reflects the tension between the burgeoning Bitcoin mining sector and efforts to regulate its impact on power grids and energy consumption.
https://www.dallasnews.com/business/2024/02/25/texas-bitcoin-miners-sue-energy-department-over-data-usage-survey/