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

Helen Partz10 hours agoBitfarms increases mining pace, generates 411 BTC in SeptemberBitfarms, one of the largest Bitcoin miners in the world, believes that many of its best growth opportunities will arise from the upcom
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, "Serious Problems" in Crypto Industry Several U.S. senators have called on Fidelity Investme
P2P Bitcoin Trade Volumes and Inflation in Latin America Are on the Rise
P2P Bitcoin Trade Volumes and Inflation in Latin America Are on the RiseDuring the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,&r
Helen Partz14 hours agoCrypto’s Lehman moment: Investors buy $250M of FTX claims — ReportIt’s hard to know how much a collapsed crypto firm like FTX would be worth by the time its bankruptcy is resolved.1749 Total
Utorg Exchange Grants Access to Traders With Limited Verification
Utorg Exchange Grants Access to Traders With Limited Verification Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade
Kevin O’Leary Buys More Crypto, Gets Paid in Crypto, Partners With FTX Exchange
Kevin O"Leary Buys More Crypto, Gets Paid in Crypto, Partners With FTX Exchange Shark Tank star Kevin O’Leary, aka Mr. Wonderful, is increasing his cryptoc
Retail crypto market growth in Canada driven by market factors, regulation
Derek Andersen2 hours agoRetail crypto market growth in Canada driven by market factors, regulationCrypto platform WonderFi has swallowed up several of its competitors in Canada and expects to reap the benefits.435 Total
New Balance ‘Virtual Goods’ Trademarks Hint of Upcoming Metaverse and NFT Venture
New Balance "Virtual Goods" Trademarks Hint of Upcoming Metaverse and NFT Venture Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems t
Pac Finance reportedly causes $24M in liquidations via sudden parameter change
Christopher Roark2 hours agoPac Finance reportedly causes $24M in liquidations via sudden parameter changeMultiple users on social media claimed they had been liquidated after a Pac Finance admin wallet allegedly changed
Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO
Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole
Ether on Lightning Is the Latest Bridge Crossing Crypto’s Great Divide
Ethereum developers are using the Lightning payments network to build bridges into the bitcoin ecosystem. The venture-backed crypto startup Radar, best known for its decentralized e
SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent
SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch th