Cryptocurrency farms will have to report to the Government how much energy they consume

After the prohibition of Bitcoin mining in China in 2021, the United States became the world’s largest center for Bitcoin mining. Now they want to…

The U.S. Department of Energy (DOE) will start collecting data on the electricity consumption of American cryptocurrency farms, following criticism from environmental advocates about the high energy consumption of this activity.

Discord DOWNLOAD

The EIA, the statistical agency of the Department of Energy, announced that it is “initiating a provisional survey of information on the electricity consumption of identified cryptocurrency mining companies” starting next week.

Cryptocurrency mining companies will have to comply with an “emergency data collection request,” authorized by the Office of Management and Budget last week.

A necessary change to regulate excessive consumption

Reaching this point has been difficult. After the ban on Bitcoin mining in China in 2021, the United States became the world’s largest center for Bitcoin mining. The mining boom raised concerns for lawmakers and activists due to the energy demands of the process.

Bitcoin mines have managed to revive fossil fuel power plants and increase electricity costs in cities.

In 2022, Democratic lawmakers asked the largest cryptocurrency mining companies in the United States to disclose their electricity consumption and associated pollution.

None of the companies provided all the requested data, and Congress subsequently requested that the DOE and EPA require crypto companies to publicly share the information.

Discord DOWNLOAD

Now, cryptocurrency farms and mines will have to accept the decision and start being more responsible in their energy consumption. That or face fines and possible closures.

Author: Chema Carvajal Sarabia

{ "de-DE": "Journalist, spezialisiert auf Technologie, Unterhaltung und Videospiele. Über das zu schreiben, was mich begeistert (Gadgets, Spiele und Filme), ermöglicht es mir, bei Verstand zu bleiben und mit einem Lächeln im Gesicht aufzuwachen, wenn der Wecker klingelt. PS: Das stimmt nicht 100% der Zeit.", "en-US": "Journalist specialized in technology, entertainment and video games. Writing about what I'm passionate about (gadgets, games and movies) allows me to stay sane and wake up with a smile on my face when the alarm clock goes off. PS: this is not true 100% of the time.", "es-ES": "Content Manager - Periodista especializado en tecnología, entretenimiento y videojuegos. Escribir sobre lo que me apasiona (cacharros, juegos y cine) me permite seguir cuerdo y despertarme con una sonrisa cuando suena el despertador. PD: esto no es cierto el 100 % de las veces.", "fr-FR": "Journaliste spécialisé dans la technologie, le divertissement et les jeux vidéo. Écrire sur ce qui me passionne (gadgets, jeux et films) me permet de rester sain d'esprit et de me réveiller avec le sourire aux lèvres quand le réveil sonne. PS : cela n'est pas vrai 100 % du temps.", "it-IT": "Giornalista specializzato in tecnologia, intrattenimento e videogiochi. Scrivere di ciò che mi appassiona (gadget, giochi e film) mi permette di mantenere la sanità mentale e di svegliarmi con un sorriso sul viso quando suona la sveglia. PS: questo non è vero al 100% del tempo.", "ja-JP": "", "nl-NL": "", "pl-PL": "", "pt-BR": "Jornalista especializado em tecnologia, entretenimento e videogames. Escrever sobre o que me apaixona (gadgets, jogos e filmes) me permite manter a sanidade e acordar com um sorriso no rosto quando o despertador toca. PS: isso não é verdade 100% do tempo.", "social": { "email": "chemacs91@gmail.com", "facebook": "", "twitter": "https://twitter.com/chematopetazo", "linkedin": "" } }