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US Department of Energy Launches Review of Bitcoin Miner Power Usage

The US Department of Energy is collecting data on US crypto miners' energy consumption to address concerns over increased mining activity and its environmental impact. Find out more in this article. #crypto #energyconsumption #environmentalimpact

by John Darbie
Thu, Feb 1, 2024 10:35am
in Bitcoin
• 2 mins read
14.5k
US Department of Energy Launches Review of Bitcoin Miner Power Usage | FinOracle

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United States Department of Energy to Collect Data on U.S. Crypto Miners’ Energy Consumption

The United States Department of Energy (DOE) will begin collecting data on the energy consumption of U.S. crypto miners starting next week. This move comes amid concerns over the surge in Bitcoin’s price and the subsequent increase in crypto mining activity. The DOE’s goal is to gauge the electricity usage of local crypto mining companies and identify areas of high growth.

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Tags: AIARBalanceBidenBitcoinChinaCitiClimateCostCryptoDataGrowthInnovationIronJoe BidenLawLGManagementMiningPriceSustainabilityUnderstandingUnited StatesUSUSA
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