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@parveen
The U.S. Department of Energy’s investigation into the accuracy of Bitcoin mining electricity data has sparked debate. The Energy Information Administration (EIA) aims to collect precise energy consumption figures from miners, citing concerns over grid reliability and carbon emissions. Estimates suggest Bitcoin mining uses 0.6% to 2.3% of U.S. electricity, but data gaps persist due to proprietary information and varying facility operations. A 2024 survey faced legal pushback from miners, halting efforts temporarily. Critics argue the investigation may exaggerate mining’s impact, while supporters stress transparency for grid planning. The EIA continues to refine its approach, seeking public input to ensure accurate data. This scrutiny reflects broader tensions between crypto innovation and environmental accountability.
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