The United States Department of Energy is collecting data on U.S. crypto miners’ energy consumption starting next week.
The United States Department of Energy (DOE) is demanding crypto miners report their energy consumption for the next six months after concerns a recent increase in the price of Bitcoin (BTC) is leading to a rush of crypto mining.
On Jan. 31, the U.S. Energy Information Administration (EIA) — the statistics agency of the DOE — said it is initiating a provisional survey to gauge the electricity usage of local crypto mining companies starting next week, with miners “required to respond with details related to their energy use.”
The Office of Management and Budget greenlit the survey on Jan. 26 after an emergency request from the EIA days earlier claimed Bitcoin’s price “increased roughly 50% in the last three months” would “incentivize more cryptomining activity, which in turn increases electricity consumption.”
