Dennis Porter, the CEO of a non-profit, Satoshi Action Fund, has notified the crypto group that Bitcoin miners throughout the United States reportedly face strain from the Energy Information Administration (EIA) after being despatched letters requiring them to give up delicate information.\u00a0<\/span><\/p>\n In a submit on February 14, Porter\u00a0<\/span>claims<\/span><\/a> that, in a brand new order, the EIA now desires Bitcoin and crypto miners to adjust to their directive inside ten days or face heavy fines exceeding $10,000 per day. When writing, and by the point Porter shared the submit, it was unclear what number of miners had acquired these demand letters.<\/span><\/p>\n However, this growth is amid considerations from the United States authorities concerning the potential environmental influence of Bitcoin mining. Porter now reveals that the EIA, performing in collaboration with the federal authorities and citing emergency powers, is searching for information on miners\u2019 areas, vitality consumption, and suppliers.<\/span><\/p>\n The activist strongly criticized the EIA\u2019s actions, saying that this new directive will not be how the United States authorities \u201cshould interact with a new and promising industry.\u201d Porter then highlights the progressive potential of Bitcoin and crypto mining typically. In earlier statements, crypto mining supporters have mentioned the observe would reshape vitality administration, manufacturing, and even how energy is transmitted within the United States; it’s a stance that the CEO additionally mentions.<\/span><\/p>\n While rejecting the EIA\u2019s directive, Porter mentioned Bitcoin miners within the nation are \u201ceager to collaborate.\u201d Given this opportunity, miners, the CEO continues, can present how the know-how has positively impacted the electrical grid and its potential influence on the economic system and surroundings.\u00a0<\/span><\/p>\n In November 2023, the Satoshi Action Fund, in partnership with Brad Jones, the previous CEO of the Electric Reliability Council of Texas (ERCOT), launched a <\/span>paper<\/span><\/a>\u00a0displaying how Bitcoin mining is an efficient methane seize device. The influence of Methane on the ozone layer is properly documented and proven to be dangerous.<\/span><\/p>\n So far, the Satoshi Action Fund plans to combat again in opposition to the EIA\u2019s calls for, however particulars stay undisclosed. However, earlier than this, they’re surveying to know how Bitcoin miners are serving to stabilize the electrical grid within the United States.<\/span><\/p>\n In early February, Lee Bratcher, the Texas Blockchain Council President, and Perianne Boring, the CEO of the Chamber of Digital Commerce,\u00a0<\/span>said<\/span><\/a>\u00a0the EIA ought to deal with enhancing the outdated vitality infrastructure as a substitute of focusing on personal firms. They additionally criticized the crackdown on Bitcoin mining, calling it a politically motivated transfer and an abuse of energy.\u00a0<\/span><\/p>\n Feature picture from Canva, chart from TradingView<\/p>\n<\/p><\/div>\nEIA Wants Bitcoin Miners To Submit Sensitive Data<\/span><\/h2>\n
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NGO CEO To Fight Back, Claims Mining Can Stabilize Electric Grid<\/span><\/h2>\n
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