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EIA could attempt to survey crypto miners again before end of year

July 11, 2024
in Crypto Exchanges
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The Power Info Administration (EIA) mentioned it might restart its makes an attempt to survey crypto mining corporations this yr throughout a July 10 webinar.

Based on Bitcoin Journal’s protection, the company’s makes an attempt to reinitiate the survey might start as quickly as the present quarter.

Nonetheless, per the report, the Federal Registrar doesn’t embody any excellent or in-progress makes an attempt to conduct a survey.

The EIA presently intends to collect public and trade suggestions. The newest webinar sought enter on sorts of data that future surveys might acquire, the worth of already collected knowledge, and issues within the design of future surveys.

The EIA lacks data in sure areas. The company mentioned it’s difficult to differentiate mining operations from different normal vitality shoppers and famous that mining corporations can transfer to low-cost vitality areas, additional complicating monitoring.

Various approaches

The EIA’s earlier try to gather knowledge from miners was extremely controversial, and trade attendees tried to offer alternate options to the EIA’s earlier strategy.

Throughout the webinar, Texas Blockchain Council founder and president Lee Bratcher mentioned surveys ought to embody knowledge facilities normally and shouldn’t uniquely goal crypto miners. Marathon Digital SVP of Authorities Affairs Jayson Browder echoed Bratcher’s considerations.

Bitcoin Coverage Institute fellow Margot Paez famous that Lawrence Berkely Nationwide Laboratory is researching AI and knowledge middle vitality consumption and prompt that the EIA associate with the lab. She mentioned the lab, appearing as a non-government company, might acquire knowledge and anonymize it earlier than offering it to the EIA.

Members of the Digital Power Council and Blockchain Affiliation additionally attended the webinar.

First survey try

The EIA introduced plans to provoke a compulsory survey in late January after gaining emergency approval from the Workplace of Administration and Finances (OMB).

The Texas Blockchain Council and the mining agency Riot Platforms initiated a lawsuit in opposition to the EIA in February, arguing that the company ought to have carried out a remark interval earlier than in search of approval from the OMB or wanted to show public hurt to achieve approval for the survey beneath emergency powers. Majority Whip Tom Emmer had beforehand raised comparable considerations.

The EIA paused the survey in late February and agreed to finish the lawsuit and destroy or sequester data a couple of weeks later in March.

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