Next week, U.S.-based crypto miners will share their energy consumption with the U.S. Department of Energy (DoE) as part of an effort to “generate data you can trust,” providing insight into miners’ power usage and its impact. We plan to provide it.
In an emergency request approved by the Office of Management and Budget (OMB) this week, the U.S. Energy Information Administration (EIA) said the combination of a major cold snap in the United States and an increase in cryptocurrency mining activity due to increased climate change is causing He claimed that. Bitcoin price could cause “increased uncertainty in the electricity market.” It added that this could “impact system operations and consumer prices.”
As a result, commercial cryptocurrency miners identified by government agencies are required to share details of their energy usage as part of the investigation. Urgent investigation proposal – Virtual currency mining facility.
According to the EIA request, time is of the essence and “There is a high possibility of pollution If normal customs clearance procedures are followed. ”
Read more: Weed and cryptocurrencies behind record electricity theft in England and Wales
The request also states, “Given the emerging and rapidly changing nature of this issue and the inability to quantitatively assess the potential for public harm, EIA is unable to generate reliable data that provides insight.” “I feel a sense of urgency to do so.”
The EIA administrator said the study will focus on: Evolving energy demands for cryptocurrency mining, discovering high-growth geographic regions, and quantifying power sources Used for cryptocurrency mining.
The EIA also added that it is accepting comments from the public regarding the collection of energy usage data from cryptocurrency miners.
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