Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»The Sierra Club says there is an ‘urgent need’ for accurate insight into energy use by cryptocurrency mining companies to support federal investigations.
ADOPTION NEWS

The Sierra Club says there is an ‘urgent need’ for accurate insight into energy use by cryptocurrency mining companies to support federal investigations.

By Crypto FlexsFebruary 29, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Sierra Club says there is an ‘urgent need’ for accurate insight into energy use by cryptocurrency mining companies to support federal investigations.
Share
Facebook Twitter LinkedIn Pinterest Email

The Sierra Club told the court that accurate insight into the impact of cryptocurrency miners on electricity demand is urgently needed, both under everyday conditions and during very high demand situations.

The Texas Blockchain Council and Riot Platforms said the survey It is the product of “sloppy government procedures” and could leave mining companies “irreparably harmed by being forced to disclose confidential, sensitive and proprietary information.” A hearing to discuss a preliminary injunction was scheduled for Wednesday, but was canceled, according to court documents.

“In Texas and across the country, their operations are driving up energy prices and threatening electric grid reliability,” Bender said. name On Wednesday. “Following the devastating effects of Winter Storm Uri, which killed hundreds of people in Texas due to power outages, crypto miners in Texas are making a groundbreaking effort to collect vital data energy regulators need to ensure reliable and affordable power. “It is especially reprehensible to interfere with this.”

commencement of litigation

The Department of Energy was later sued. Energy Information Administration (EIA) — the department’s statistical and analytical agency — presentation Earlier this month, it said it would launch an investigation into the cryptocurrency mining company under “urgent data collection,” citing the rise in Bitcoin prices over the past few months as evidence for its urgent request.

In response to the judge’s order to halt the investigation, the EIA said it would not impose fines, penalties or other consequences on companies that did not respond to the investigation by March 22.

“Delaying EIA’s access to this information for several months will not only affect the ability of grid operators to ensure electricity reliability for residences and businesses, but also affect the ability of grid operators and federal and state regulators to comply with current market rules caused by cryptocurrency mining.” You won’t have the information you need to prevent abuse. “Companies will collectively bill tens of millions of dollars from individual taxpayers to prevent grid outages,” the Sierra Club said. short.

The Sierra Club said preventing EIA from collecting data for months would increase the risk of power outages during extreme weather events.

“Because electric reliability can be a matter of life and death and skewed demand can have a major impact on the finances of residential and small business customers, it is important for grid operators, utilities, federal and state regulators, and the public to quickly gain a better understanding. What matters is the impact cryptocurrency facilities have on the system,” the organization said in a briefing.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Injective (INJ) Completes First Community Buyback Worth $32 Million

October 29, 2025

Whale.io Confirms First Airdrop For Crock Dentist NFT Holders

October 29, 2025

BTC And XRP Prices Fluctuate Dramatically. WOAHash Helps Holders Earn $9,900 In Daily Returns.

October 29, 2025

Acre Launches V2 Platform, Enabling Bitcoin Holders To Earn 14% APY (est.) From Self-Custody

October 29, 2025

BitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFi

October 29, 2025

MEXC Maintains Strong Financial Stability With Over 100% Proof Of Reserve Across Major Assets

October 29, 2025

Australia provides clarity on cryptocurrency regulation with new guidelines

October 29, 2025

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Injective (INJ) Completes First Community Buyback Worth $32 Million

October 29, 2025

Whale.io Confirms First Airdrop For Crock Dentist NFT Holders

October 29, 2025

BTC And XRP Prices Fluctuate Dramatically. WOAHash Helps Holders Earn $9,900 In Daily Returns.

October 29, 2025
Most Popular

OKX announces addition of Notcoin (NOT) to Jumpstart mining

May 11, 2024

Why It’s Time to Invest in BlockDAG and Render

March 10, 2024

Will Trump’s 100 -day speech will end Bitcoin’s ‘compression’ range?

April 29, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.