After facing legal challenges with its initial attempt to survey crypto mining companies about their energy usage, the U.S. Department of Energy (DOE) is preparing for a second round of data collection. This time, the department is seeking input from industry participants to ensure a more collaborative approach. The Energy Information Administration (EIA), a federal agency under the DOE responsible for energy statistics, held a public webinar to gather feedback from interested parties, including crypto miners, on how the survey should be conducted. The goal is to create a comprehensive and transparent process that addresses the concerns raised by industry stakeholders. Background In January, the EIA proposed a mandatory survey for commercial crypto miners to provide detailed information on their energy consumption. This proposal sparked controversy and legal action, with industry players raising concerns about privacy and regulatory overreach. Following a lawsuit and temporary suspension of the survey, the EIA is revisiting its approach to ensure a more inclusive and informed process. The recent webinar served as a platform for stakeholders to share their perspectives and influence the upcoming rulemaking proposal. Key Points from the Webinar – Over 100 attendees participated in the webinar, including industry representatives, researchers, and members of the public. – Feedback from participants emphasized the need for transparency and collaboration in conducting the survey. – Suggestions were made to involve external institutions in overseeing the survey to build trust within the industry. – Industry leaders recommended including traditional data centers in the survey to provide a holistic view of energy consumption across different sectors. – The EIA expressed openness to incorporating feedback and making necessary adjustments to the survey proposal based on the industry’s input. Next Steps The EIA is currently working on a preliminary proposal, which is expected to be published in the Federal Register for public review. Following a 60-day comment period, the agency will evaluate feedback and address any major concerns raised by stakeholders. After a 30-day review process, the final decision on proceeding with the survey will be made by the Office of Management and Budget (OMB). This phased approach aims to ensure transparency, accountability, and industry engagement throughout the survey implementation process.
DOE’s Efforts in Surveying Crypto Mining Companies
16/07/2024
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The Department of Energy (DOE) is actively engaged in surveying crypto mining companies to assess their energy consumption and environmental impact.