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Home»Regulation»US Government Announces New Probe Into Cryptocurrency Mining Operations in the United States
Plans for 30% Tax on Bitcoin Mining Shut Down in New Debt Deal: Senator Warren Davidson
Regulation

US Government Announces New Probe Into Cryptocurrency Mining Operations in the United States

2024-02-04No Comments2 Mins Read
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The U.S. Power Info Administration (EIA) is asserting that it is going to be rigorously analyzing crypto mining operations within the nation.

In a latest press launch, the EIA, a statistical and analytical company inside the U.S. Division of Power, says that it desires to maintain observe of how a lot electrical energy is being utilized by US companies that mine digital property.

The EIA additionally says it is going to be asking the general public for its opinion on the vitality information it collects from the businesses.

“The U.S. Power Info Administration is initiating a provisional survey of electrical energy consumption data from recognized cryptocurrency mining firms working in the USA.

Starting [this] week, EIA will survey recognized business cryptocurrency miners, that are required to reply with particulars associated to their vitality use... EIA can even be soliciting public touch upon the gathering of cryptocurrency miners’ vitality use information.”

Based on Joe DeCarolis, the EIA’s Administrator, the company is trying to discover out extra in regards to the vitality ramifications of mining digital currencies inside the US.

As said by DeCarolis within the press launch,

“We intend to proceed to investigate and write in regards to the vitality implications of cryptocurrency mining actions in the USA.

We’ll particularly deal with how the vitality demand for cryptocurrency mining is evolving, establish geographic areas of excessive progress, and quantify the sources of electrical energy used to satisfy cryptocurrency mining demand.”

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