Bitcoin Mining Comes Under Biden Governments’ Radar Ahead of Key Elections

Bitcoin Mining Comes Under Biden Governments’ Radar Ahead of Key Elections

Bitcoin Mining has again come under scrutiny as US regulators are now analyzing its consumption of electricity.  The administration of US President Joe Biden has sent out an “emergency collection of data request” related to the power consumption of Bitcoin miners. The move has sparked uproar as crypto enthusiasts are viewing the decision to be a Bitcoin against the US currency conflict.
US EIA to gather data on electricity consumption by Bitcoin Miners
The Energy Information Administration (EIA) is scheduled to start the immediate data gathering this coming week. This comes after the Biden administration approved an emergency investigation into the amount of electricity Bitcoin and cryptocurrency miners are using.
As part of an emergency data collection request approved by the Office of Management and Budget on January 26, people who indulge in Bitcoin mining will have to reply with information about how much energy they use. This will include people who use powerful computers to

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