U.S. Energy Department Launches Survey to Better Understand Energy Use of Commercial Crypto Miners
• The U.S. Energy Information Administration will survey commercial crypto miners on their energy use, seeking details on consumption.
• The survey follows an "emergency data request" from the White House Office of Management and Budget.
• The EIA aims to analyze the evolving energy demand of crypto mining and identify areas of geographic growth.
• Bitcoin's energy use has faced criticism, but advocates argue it can use excess renewable energy and help decarbonization.
• A recent update found previous estimates of Bitcoin's energy use were likely overestimations.