Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

US Department of Energy demands consumption stats from bitcoin miners

BlockworksBlockworks2024/02/01 23:25
By:Blockworks

The Energy Information Administration said the survey will help them understand the “energy implications” of crypto mining

The US Energy Information Administration will survey “commercial cryptocurrency miners” to understand their electricity consumption.

The survey, filed as an “emergency collection of data request,” was authorized by the Office of Management and Budget on Jan. 26.

“Recognizing that this emergency collection is experimental and provisional with the understood intention that EIA wants to build to a new standard collection,” the OMB wrote in its approval.

The EIA didn’t immediately return a request for comment from Blockworks on the survey and who the Administration will be contacting. 

According to a press release on the site, the EIA will also open a public comment on the collection of crypto miners’ energy use data. It’s unclear when the comment period will open and what the deadline will be. 

Read more: Another bitcoin miner has gone public in the US

Miners who have been identified and contacted by the EIA “are required to respond with details related to their energy use.”

“We intend to continue to analyze and write about the energy implications of cryptocurrency mining activities in the United States,” Joe DeCarolis, administrator for the EIA, said . 

“We will specifically focus on how the energy demand for cryptocurrency mining is evolving, identify geographic areas of high growth, and quantify the sources of electricity used to meet cryptocurrency mining demand,” he continued.

Read more: Why did Cambridge revise its bitcoin electricity consumption index?

The EIA is an agency within the US Department of Energy.

In 2022, lawmakers — including Sen. Elizabeth Warren, D-MA — asked federal regulators to make crypto miners disclose their emissions and energy use. The six Democratic lawmakers penned a letter to both the Department of Energy and the US Environmental Protection Agency.

Don’t miss the next big story – join our  free daily newsletter .

Tags
  • Crypto
  • Energy
  • Mining
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Critical FED Interest Rate Decision Expected in Bitcoin Today! What Time Will It Be Announced? Here Are the Expectations and Things to Know!

While the FED's interest rate decision is awaited in Bitcoin today, it remains unclear whether the FED will reduce interest rates by 25 basis points or 50 basis points.

Bitcoinsistemi2024/09/18 20:06

Last Minute Interest Rate Announcement from BofA and Two Companies – Here is the Decision They Expected Just Ahead

Analysts from BofA and two other firms shared their latest expectations for the Fed's interest rate decision, which is now just minutes away.

Bitcoinsistemi2024/09/18 20:03