"U.S. Department of Energy Halts Crypto Mining Data Collection After Legal Challenge"

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Source: The Daily Hodl
"U.S. Department of Energy Halts Crypto Mining Data Collection After Legal Challenge"
Photo: The Daily Hodl
TL;DR Summary

The U.S. Department of Energy has agreed to cease gathering information on the energy usage rates of crypto mining firms and will destroy any data already collected following a lawsuit by crypto mining firm Riot and the Texas Blockchain Council. The Energy Information Administration (EIA) will halt the collection of energy data and keep any received information confidential until it is destroyed, as part of a compromise where no wrongdoing is admitted. The EIA had allegedly threatened mining companies with criminal fines and civil penalties if they did not comply with an energy consumption survey, which was proposed to examine the energy ramifications of mining virtual currencies.

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