Posted 3/5/2024, 8:55:00 PM
Bitcoin Miners Successfully Push Back Against DOE Data Collection Attempt
- Bitcoin miners successfully pushed back against U.S. Department of Energy attempt to collect data via an "emergency order" without proper legal procedures
- The Energy Information Administration is now dropping the mandatory survey in favor of proper notice and comment period
- The initial data request lacked information on protecting sensitive data and threatened criminal penalties for lack of compliance
- The justification for the emergency order to assess mining's risk of "public harm" was ironic given miners help stabilize the grid in places like Texas
- This is a victory for the crypto industry which faces threats from officials seeking to equate crypto with fraud and restrict mining