Bitcoin

when

Relevant

<h2 class="wp-block-heading" id="us-department-of-energy-attempts-new-survey-on-crypto-mining-energy-usage">US Department of Energy Attempts New Survey on Crypto Mining Energy Usage</h2> 
<p>The government and the crypto mining sector are once more having a go at the matter, first attack was not successful due to lawsuits that the attempt faced.</p> 
<h2 class="wp-block-heading" id="public-webinar-seeks-feedback">Public Webinar Seeks Feedback</h2> 
<p>The Energy Information Administration (EIA), the statistics arm of the DOE, held a public webinar on Wednesday. The audience was made up of experts from various fields, such as crypto miners and blockchain <a href="https://btc-pulse.com/puffer-finance-unveils-rollup-solution-puffer-unifi/">developers</a>. Harvey, who works at EIA, as the moderator of the meeting exclusively concentrated on this dialog that is to be the base of the survey before the formation of guidelines in the federal register.</p> 
<h2 class="wp-block-heading" id="previous-emergency-data-collection-and-legal-pushback">Previous Emergency Data Collection and Legal Pushback</h2> 
<p>In February, the DOE initiated an emergency data collection from crypto mining companies suggesting that there was a 50% increase in the price of <a href="https://btc-pulse.com/bitcoin-price-shrugs-germanys-362m-exchange-deposit/">Bitcoin </a>over the past months, which gave them grounds. However, this was no piece of cake, as a lawsuit followed from the Texas Blockchain Council and bitcoin mining company Riot Platforms who claimed that the DOE was not authorized to enact such measures under the cover of an emergency. The lawsuit was settled when the agency signed an agreement with the EIA to delete the gathered data.</p> 
<h2 class="wp-block-heading" id="key-challenges-in-tracking-crypto-mining-energy-usage">Key Challenges in Tracking Crypto Mining Energy Usage</h2> 
<p><a href="https://www.theblock.co/post/304637/dept-of-energy-begins-process-of-drafting-a-new-bitcoin-miner-survey" target="_blank" rel="noopener">During the webinar</a>, Harvey mentioned three primary issues to be resolved in the new survey design:</p> 
<ul class="wp-block-list"> 
 <li>Identifying Key Energy Use Factors: Knowing what the players industry-appreciated factors are such as the use of energy for the PoW technology in the mining of cryptocurrencies.</li> 
 <li>Relevant Data Collection: Defining the data that has to be extracted from miners.</li> 
 <li>Existing Information Utilization: Recognizing the present data that can substitute the need for a new survey and thus decrease the costs.</li> 
</ul> 
<h2 class="wp-block-heading" id="complexity-of-tracking-energy-use-in-crypto-mining">Complexity of Tracking Energy Use in Crypto Mining</h2> 
<p>Harvey noted the “main difficulties” suffered in the first attempt at the survey, which include such problems as the identification of market participants and the “fluctuating nature” of the mining industry. The new survey, once structured, will be the subject of approval from the DOE before it can be enacted.</p>

US Energy Dept. Seeks Industry Inputs to Survey Crypto Mining Energy Usage

Tabla de contenidos

BTC-Pulse

Otros artículos publicados el 11 jul 2024

Bitcoin ETF Launches and Ethereum ETF Awaits Approval

LayerZero & Initia Labs Partner for Cosmos Interoperability

Coinbase Announces Decisions on Three Cryptocurrencies

Mt. Gox Repayment Sparks Market Volatility: Analysing the Crypto Turbulence

Vital Cryptocurrencies for Smart Investing

Bitcoin Price Drops Despite Positive Inflation Data

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!