Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Biden administration’s notorious Bitcoin mining survey halted after legal backlash

CryptoExpert by CryptoExpert
March 2, 2024
in Mining
0
Biden administration’s notorious Bitcoin mining survey halted after legal backlash
  • Facebook
  • Twitter
  • Pinterest



You might also like

Bitcoin’s mining recovery could destroy itself

A New Scoreboard in AI Power Arms Race

This Fractal Bitcoin Mining Profitability Looks WRONG…

The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas Blockchain Council.

According to the March 1 court filing, the EIA must destroy any survey information it has already received and information yet to be received. It must also sequester or keep confidential that data until it is destroyed.

The controversial survey aimed to gather data on how much energy miners use. However, the industry responded with lawsuits that argued the survey would “irreparably harm” operations by forcing miners to divulge “confidential information.”

Agreement terms

As part of the agreement, the EIA will publish a new notice in the Federal Register to restart the survey process from scratch — withdrawing and replacing a previous notice from Feb 9, which did not invite comment and feedback.

okex

The new notice must allow for a 60-day comment period, after which the EIA may conduct the survey following specific statutory and regulatory provisions.

Additionally, the EIA must consider comments submitted in response to both the new and the Feb. 9 notices as if they were submitted to the new notice.

The EIA and other defendants will additionally pay the plaintiffs — Riot Platforms and Texas Blockchain Council — $2,199.45 to cover legal costs and fees.

Controversial survey

The EIA began collecting data on mining firms in late January after the Office of Management and Budget (OMB) authorized the survey as an emergency request. The controversial survey has been closely linked to the policies of the Biden administration, specifically the energy policies outlined in its 2022 Inflation Reduction Act.

The agencies were concerned that Bitcoin mining could accelerate alongside price growth, leading to greater energy consumption during high-demand periods and cold weather.

Republican Congressman Tom Emmer expressed opposition to the survey on Feb. 22. In addition to denying that Bitcoin mining posed a threat, Emmer noted that the EIA had justified a survey based on emergency policies but had failed to introduce the required comment period.

Industry players, including Riot Platforms, the Chamber of Digital Commerce, and the Texas Blockchain Council, filed a lawsuit against the survey, resulting in the court granting a temporary stay until March 24.

Following the legal action, the EIA paused its attempts to collect data one day later on Feb. 24.



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

Bitcoin’s mining recovery could destroy itself

by CryptoExpert
September 15, 2026
0
Bitcoin’s mining recovery could destroy itself

Mining services firm Luxor estimates that about 235 exahashes per second (EH/s) of capacity in specialized Bitcoin mining machines is sitting idle.Its Sept. 8 report puts that equipment...

Read more

A New Scoreboard in AI Power Arms Race

by CryptoExpert
September 14, 2026
0
A New Scoreboard in AI Power Arms Race

This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from The Energy Mag....

Read more

This Fractal Bitcoin Mining Profitability Looks WRONG…

by CryptoExpert
September 13, 2026
0
This Fractal Bitcoin Mining Profitability Looks WRONG…

Check on YouTube

Read more

Canaan revenue misses guidance; 1,117 BTC pledged in Q2

by CryptoExpert
September 13, 2026
0
Canaan revenue misses guidance; 1,117 BTC pledged in Q2

Canaan, the Bitcoin mining-equipment maker, reported second-quarter 2026 revenue below its earlier guidance on Sept. 8, as weaker machine demand put more weight on its cash and crypto...

Read more

Solo Bitcoin Miner Hits $244K Jackpot After Nearly 40-Day Drought

by CryptoExpert
September 12, 2026
0
Solo Bitcoin Miner Hits $244K Jackpot After Nearly 40-Day Drought

Key TakeawaysBraiins Solo landed block 966351, handing one miner the full 3.147 BTC reward.Foundry and Antpool face a rare solo win after Bitcoin went nearly 40 days without...

Read more
Next Post
Stacks (STX) and InQubeta (QUBE) emerge as tokens to watch

Stacks (STX) and InQubeta (QUBE) emerge as tokens to watch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 75,472.00
ethereum
Ethereum (ETH) $ 2,389.16
tether
Tether (USDT) $ 0.999357
bnb
BNB (BNB) $ 704.83
xrp
XRP (XRP) $ 1.28
usd-coin
USDC (USDC) $ 0.999701
solana
Solana (SOL) $ 96.62
tron
TRON (TRX) $ 0.334856
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.00

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?