Summary
TLDR: The US has paused its effort to collect energy consumption data from Bitcoin miners due to opposition. A court ruled in favor of the miners, criticizing the Energy Department’s actions as arbitrary and an abuse of discretion. The EIA will suspend the survey and isolate the data collected for a month. Many in the crypto community and politicians have praised the decision, citing fair treatment for all energy consumers and the positive contributions of Bitcoin mining to America’s energy grids.
Key Points
1. The United States has paused its endeavor to collect energy consumption data from Bitcoin miners due to substantial opposition from the mining community and legislators.
2. A court ruling in favor of Bitcoin miners criticized the Energy Department’s justification for the survey as arbitrary, capricious, and an abuse of discretion, leading to a temporary restraining order halting the survey.
3. The suspension of the survey has been praised by various individuals in the crypto community, with stakeholders arguing that Bitcoin mining contributes positively to America’s energy grids and the exploration of new energy sources.