U.S. Government Intensifies Scrutiny on Bitcoin Mining's Energy Use

The DOE's Energy Information Administration is conducting an emergency survey of U.S.-based Bitcoin miners to assess the industry's electricity consumption amid concerns over its environmental impact.

The U.S. Department of Energy's Energy Information Administration (EIA) has initiated an emergency data collection on the electricity use of Bitcoin mining operations.
The survey aims to provide insight into the energy demand of cryptocurrency mining and its implications for the electric grid and public harm.
Bitcoin mining now consumes over 2 percent of the U.S.'s electricity, equivalent to adding an additional state to the grid.
The EIA's findings could influence future policies, as the Biden administration prioritizes reducing the country's carbon footprint.
Bitcoin mining operations have been found to significantly impact electric grid operations and consumer prices, with some relocating near underutilized fossil fuel plants, increasing their generation.