EIA Plans Second Attempt to Survey Bitcoin Miners About Electricity Consumption
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The U.S. Energy Information Administration (EIA) plans a second attempt to survey cryptocurrency miners about their energy consumption. After a legally challenged initial attempt, the EIA aims to publish a notice for comments this quarter. Concerns from the crypto industry about data misuse linger, but the EIA is focusing on transparency. Early estimates suggest cryptocurrency mining uses 0.6%-2.3% of U.S. electricity. The survey seeks to understand this impact better and could highlight benefits like renewable energy incentives and grid stabilization.
Source: ultramining.com ↗
