U.S. Department of Energy Agrees To Stop Gathering Information on Crypto Mining Following Lawsuit

The U.S. Division of Power (DOE) is agreeing to cease gathering knowledge concerning the vitality utilization charges of crypto mining corporations.

In a brand new court filing, the Power Info Administration (EIA), which tracks statistics for the DOE, says it won’t solely halt gathering the info, it’s going to destroy all data it has already collected or will obtain on account of its survey.

“Defendants agree that EIA will destroy any data that it has already obtained in response to the EIA-862 Emergency Survey.

If EIA receives extra data in response to the EIA-862 Emergency Survey, EIA will destroy that knowledge. EIA will sequester and maintain confidential any data it has obtained or will obtain in response to the EIA-862 Emergency Survey till it’s destroyed.”

The events concerned view the settlement as a compromise the place no wrongdoing is admitted.

Late final month, the EIA agreed to pause the gathering of vitality knowledge after it was hit with a lawsuit by crypto mining agency Riot in addition to the Texas Blockchain Council (TBC).

Based on the plaintiffs, the EIA tried to strongarm them and different mining firms into answering the vitality consumption survey by allegedly threatening them with prison fines and civil penalties if they didn’t comply.

As said within the lawsuit,

“[The] EIA has moved ahead with its data assortment and is demanding – below the express menace of prison fines and civil penalties – that sure firms, together with Riot and lots of different TBC members, reply to the survey no later than February twenty third, 2024.”

The survey was first proposed in early February as a method of analyzing the vitality ramifications of mining digital currencies.

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