{"id":10374,"date":"2024-02-02T11:42:28","date_gmt":"2024-02-02T09:42:28","guid":{"rendered":"https:\/\/forklog.com\/en\/us-department-of-energy-to-investigate-bitcoin-miners-energy-consumption\/"},"modified":"2024-02-02T11:42:28","modified_gmt":"2024-02-02T09:42:28","slug":"us-department-of-energy-to-investigate-bitcoin-miners-energy-consumption","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-department-of-energy-to-investigate-bitcoin-miners-energy-consumption\/","title":{"rendered":"US Department of Energy to Investigate Bitcoin Miners&#8217; Energy Consumption"},"content":{"rendered":"<p>The US Energy Information Administration (EIA) will conduct a survey of mining companies regarding their electricity consumption.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re initiating collection of data regarding <a href=\"https:\/\/twitter.com\/hashtag\/electricity?src=hash&#038;ref_src=twsrc%5Etfw\">#electricity<\/a> use by US <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptocurrency<\/a> miners.<\/p>\n<p>We&#8217;ll ask about their electricity consumption so we can better understand their energy demands.<\/p>\n<p>?<a href=\"https:\/\/t.co\/gYpZgtiD6J\">https:\/\/t.co\/gYpZgtiD6J<\/a> <a href=\"https:\/\/t.co\/pQ9ULoLAAU\">pic.twitter.com\/pQ9ULoLAAU<\/a><\/p>\n<p>\u2014 EIA (@EIAgov) <a href=\"https:\/\/twitter.com\/EIAgov\/status\/1752740768651866455?ref_src=twsrc%5Etfw\">January 31, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The EIA, a statistical and analytical agency within the Department of Energy, will also gather public comments on this topic.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe will focus on how energy demand for cryptocurrency mining is evolving, identify geographic areas with high growth, and quantify the sources used,\u201d said EIA Administrator Joe DeCarolis.<\/p>\n<\/blockquote>\n<p>The agency plans to complete the study within six months.<\/p>\n<p>In 2021, the US became the leader in Bitcoin hash rate, overtaking China from the top position.<\/p>\n<p>In subsequent years, the country further widened its lead. According to <a href=\"https:\/\/www.minermetrics.io\/estimating-the-global-geographical-distribution-of-bitcoin-mining\/\">MinerMetrics<\/a>, the United States accounts for approximately 40% of the total computational power of the first cryptocurrency&#8217;s network.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/bhV46MrClR4L2hs1Ahe3rJnen9r-u-bJEHZy7q6Q-N8e6LSHmvhCcglNdYWqabjvTcWwePvQmdTW7Pro6-0Y_JOsWmNdhX5OFdvg0ar7DU2E9rJhVB8KPZBm72dQL4oP9VqWyBcVkjkuOs3GLNwYOmE\" alt=\"\u041c\u0438\u043d\u044d\u043d\u0435\u0440\u0433\u043e \u0421\u0428\u0410 \u0438\u0437\u0443\u0447\u0438\u0442 \u044d\u043d\u0435\u0440\u0433\u043e\u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432\"\/><figcaption class=\"wp-element-caption\">Distribution of PoW mining enterprises in the US as of September 2022. Data: <a href=\"https:\/\/earthjustice.org\/feature\/cryptocurrency-mining-environmental-impacts\">Earthjustice<\/a>.<\/figcaption><\/figure>\n<p>Back in January, Bitcoin&#8217;s hash rate <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hashrate-plummets-by-33-amid-miner-shutdowns-in-texas\">plummeted by 33%<\/a> over a few days amid cold weather in Texas, which led to local miners shutting down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Energy Information Administration (EIA) will conduct a survey of mining companies regarding their electricity consumption. We&#8217;re initiating collection of data regarding #electricity use by US #cryptocurrency miners. We&#8217;ll ask about their electricity consumption so we can better understand their energy demands. ?https:\/\/t.co\/gYpZgtiD6J pic.twitter.com\/pQ9ULoLAAU \u2014 EIA (@EIAgov) January 31, 2024 The EIA, a statistical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,26],"class_list":["post-10374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10374"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10373"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}