Fun

US energy officials agree to 'destroy' all data from crypto mining survey

News Feed - 2024-03-02 10:03:51

Ciaran Lyons7 hours agoUS energy officials agree to "destroy" all data from crypto mining surveyThe Texas Blockchain Council and Bitcoin mining firm Riot Platforms claimed that the survey had political motives and posed a threat to innovation and economic growth in the United States.2200 Total views37 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksUnited States energy officials have reached an agreement with the Texas Blockchain Council (TBC) and Bitcoin mining firm Riot Platforms to cease its proposed emergency survey targeting crypto miners across the country.


According to a March 2 filing, the U.S. Department of Energy, the Energy Information Administration (EIA), and the Office of Management and Budget (OMB) have settled with the TBC and Riot to stop gathering information from crypto miners for its proposed three-year emergency survey filed under the “EIA-862 Emergency Collection Request.”Court filing in the United States District Court for the Western District of Texas. Source: Court Listener


It further noted that all information previously collected from crypto miners for the survey, which the TBC and Riot claimed was intrusive, will be deleted, and any forthcoming data will also be discarded.“Defendants agree that EIA will destroy any information that it has already received in response to the EIA-862 Emergency Survey. If EIA receives additional information in response to the EIA-862 Emergency Survey, EIA will destroy that data.”


The settlement effectively cancels the temporary restraining order, which was set to be in place until March 8.


On Feb. 23, Cointelegraph reported that the court had temporarily suspended the US energy regulators from collecting the data while the lawsuit was ongoing.


This came after the TBC and Riot convinced the judge that irreversible harm would happen without prohibiting further data collection.


The plaintiffs claimed that the survey posed potential damages including non-recoverable costs of compliance with the survey, a credible threat of prosecution if they do not comply, and the disclosure of proprietary information requested.


Read more:Riot Platforms boosted BTC output by 19% in 2023, mines 6,626 Bitcoin


While the EIA estimated the survey would take around 30 minutes to complete, the court considered the estimation "extremely inaccurate."


The TBC and Riot also challenged the estimate, stating that the cost of compliance so far has been over 40 hours.


However, both the TBC and Riot have agreed that the EIA can submit a new notice seeking public feedback for two months, on information it is allowed to collect.


"Defendants agree that EIA will allow for submission of comments for 60 days, beginning on the date of publication of the New Federal Register Notice," the filing stated.


Magazine:Jameson Lopp: Skeptical of spot Ether ETFs, BTC price prediction dilemma: X Hall of Flame# Bitcoin# Mining# Adoption# Bitcoin Mining# United States# RegulationAdd reactionAdd reactionRead moreIndonesia mulling changes to dual taxation on crypto: Report

News Feed

Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs
Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs The last 12 months have been tough on digital currency investors as the cry
BIS inaugurates Toronto Innovation Centre with Bank of Canada
Ezra Reguerra30 minutes agoBIS inaugurates Toronto Innovation Centre with Bank of CanadaBank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadia
Japan and Philippines Discuss Pro-Crypto Laws, Cooperation Among Asian Countries
Japan and Philippines Discuss Pro-Crypto Laws, Cooperation Among Asian Countries Japanese Minister Naokazu Takemoto and Philippine Cabinet member Raul Lambino of Crypto Valley of
Biggest Movers: MATIC Hits 3-Week High, LINK up Almost 10%
Biggest Movers: MATIC Hits 3-Week High, LINK up Almost 10% Polygon raced to a three-week high during today’s session, as bullish sentiment returned to cryptocurrency markets
Bitcoin Market May ‘Cool Off’ In 4 To 6 Weeks — But Here’s What Needs To Happen
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell
Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorne
$24M CryptoPunk sale shows either ‘NFTs are over’ or ‘this is the bottom’
Ezra Reguerra13 hours ago$24M CryptoPunk sale shows either ‘NFTs are over’ or ‘this is the bottom’SideShift.ai CEO Andreas Brekken believes CryptoPunk #5822 was “most definitely” sold at a loss and that NFTs
Bitcoin Price At $110,000: Why BTC Must Break Out Of This Wedge
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022
Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022 According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 20
SEC will ask for $2B in fines and penalties — Ripple chief legal officer
Turner Wright3 hours agoSEC will ask for $2B in fines and penalties — Ripple chief legal officerRipple CEO Brad Garlinghouse and CLO Stuart Alderoty cited a judge imposing sanctions on the SEC in a lawsuit against Debt
Tom Blackstone1 hour agoUS Stocks Overcome Early Decline Amid Israeli-Gaza Tensions to Close HigherThe Dow and S&P 500 fell early in the day, but rebounded to end the day positive.325 Total views3 Total sharesListen
Shiraz Jagati9 hours agoAI in healthcare: New tech in diagnosis and patient careFrom enhancing disease diagnosis to personalizing patient care, here’s how AI can reshape the future of healthcare.484 Total views4 Total