Bitcoin / Bitcoins / Crypto Currency

Tracking electricity consumption from U.S. cryptocurrency mining operations

Electricity demand associated with U.S. cryptocurrency mining operations ... probably represents from 0.6% to 2.3% of U.S. electricity consumption.

Regulation incoming:

EIA to initiate collection of data regarding electricity use by U.S. cryptocurrency miners.

The U.S. Energy Information Administration (EIA) is initiating a provisional survey of electricity consumption information from identified cryptocurrency mining companies operating in the United States.

Beginning next week, EIA will survey identified commercial cryptocurrency miners, which are required to respond with details related to their energy use. The Office of Management and Budget (OMB) authorized the survey on January 26, 2024, as an emergency collection of data request.