Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»U.S. strengthens monitoring of energy use by cryptocurrency miners
ETHEREUM NEWS

U.S. strengthens monitoring of energy use by cryptocurrency miners

By Crypto FlexsFebruary 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
U.S. strengthens monitoring of energy use by cryptocurrency miners
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Energy Information Administration (EIA) collects data on the energy use of cryptocurrency miners operating in the United States.

In a press release, the agency announced that it would begin “an interim investigation into electricity consumption information from cryptocurrency mining companies identified as operating in the United States.”

Cryptocurrency mining is a way for assets such as Bitcoin, Dogecoin, and Monero to verify transactions and unlock new coins using a proof-of-work consensus mechanism. Ethereum used to have a proof-of-work consensus, but will switch to proof-of-stake in September 2022, meaning miners will no longer be needed.

The survey, which will begin next week, will require identified commercial cryptocurrency miners to respond with details about their energy use. EIA will also seek public input on the collection of energy usage data from cryptocurrency miners.

This investigation is in response to an ‘emergency data collection request’ from the Office of Management and Budget (OMB) under the U.S. Presidential Administration.

“We plan to continue to analyze and write about the energy impacts of cryptocurrency mining activities in the United States,” EIA Administrator Joe DeCarolis said in a statement. “We will focus on change,” he said. Growing areas and electricity sources used for cryptocurrency mining.

in TwitterThe EIA said it was conducting a survey to “better understand” miners’ energy needs.

Cryptocurrency mining and energy consumption

mining proof of work Cryptocurrency such as bitcoin and Dogecoin Historically, the Bitcoin network has been criticized for its energy use, with its projected power consumption exceeding that of many countries.

In 2023, environmental campaign group Greenpeace launched a campaign urging Bitcoin developers and miners to abandon the proof-of-work consensus mechanism in favor of the less energy-consuming proof-of-stake model.

Cryptocurrency mining advocates say Bitcoin mining could use “excess” green energy and natural gas that would otherwise go to waste, and could help decarbonize the energy grid and accelerate the transition to renewable energy, while criticizing critics counterattacked.

In September 2023, the University of Cambridge will bitcoin The Electricity Consumption Index (CBECI), one of the main references on the energy consumption of Bitcoin mining, concluded that previous calculations were overestimated.

Edited by Stacey Elliott.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitmine ‘s ethereum Holdings 46,255 Eth Buy 2.1 million units

September 12, 2025

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 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

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Most Popular

Toward a 12-second Block Time

June 2, 2024

Analyst names undervalued penny altcoins with a strong narrative and updates outlook on FLOKI.

June 10, 2024

Cointelegraph Bitcoin & Ethereum Blockchain News

January 15, 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.