Topic: US wants to know bitcoin electricity usage in the country (Read 363 times)

As Matthew Kratter often points out more electrical energy is expended by people watching cat videos or viewing online porn then is consumed from bitcoin mining.

Will the Biden administration do a survey of how much time people spend watching porn and cat videos?

Are the tens of millions of hours people spend  watching internet porn every day somehow less harmful to the environment then using the internet to send and receive bitcoin?

Would it help the environment if President Biden stopped flying around in Air Force One?

What kind of energy usage isn't harmful to the environment? Does it even exist? Why not just outlaw all energy usage so we can all go back to living in prehistoric caveman times?

You can sure count on it!

2024 presents...
USA & The War On Bitcoin

Just like the war on drugs, where the US seized, manufactured and redistributed drugs for profit...the US will seize miners, manufacture bitcoin through those seized miners and then redistribute those bitcoins for profit!

If they find enough hashpower to seize (or tax) they will probably hit the reset button on their holdings, sell it all off on-market, wipe out as many miners as possible to make mining as non-profitable as possible, and take over close-to the entire US mining operation.

Any of the above should not be surprising, the US cartel has been doing this kind of shady shit for decades!

Let me guess, they're gonna pull another green initiative crap to justify their possible crackdown on miners. They're trying to curb whatever growth bitcoin has had in the past few months ever since the ETFs have been approved. I doubt they have pure intentions with this survey, and I do hope that miners do not give actual numbers to make data collectors lose their head.

so much to unpick and correct in all statements quoted above
a. stompix using 100000exa number.... yet reality is only <600exa for full WORLD network, let alone just the american mining which is far less
b. stompix "because a miner gulps out all" a miner only uses <4KWh
i feel stompix's real fear is his out-of-date single asic he rented through a remote host will be seized by gov before he makes ROI

Gormicsta:
most significant asic farms (unlike stompixes favourite legally iffy and fossil powered hosts) already positioned themselves in regions where renewable power plants want mining business. and contracted electrical sales for 1-2year contract allotments of energy, fully knowing of the generation vs consumption demand/supply

what actually happens in a region is..
decades before a region can even build real estate, it needs power capacity. and so if a new renewable power plant is placed in the region. its done with considerations of FUTURE demand(forward planning supply needs, 50 years ahead of demand). thus has alot of excess supply potential in first few decades before real estate can develop to take that supply.
so power plants LOVE quick established demand as its early income before the long wait of real estate development to take on the new supply

We know the negative impact of bitcoin mining to the environment (particular POW mining), but what if this action by the Biden administration is not genuinely about much interest for the environment but using the environmental impact aspect of it as a facade to clamp on bitcoin miners with policies that could make bitcoin mining a thing of the past for many US miners after the survey would have been concluded.

Never trust the government they are always up to something, particular on anything that seems to threaten their hold on financial and political power on the people. I think this survey shouldn't only stop at bitcoin miners activities but extension to other human activities in the society with negative impacts on the environment. Maybe then we can assume that ain't really up to something towards bitcoin alone.

Not only is the quantity of energy used in proof-of-work mining troubling, but so is the energy source. Fossil fuel consumption by miners has the potential to exacerbate environmental issues such as global warming. That's far less of an issue, though, if miners are employing renewable energy sources. However, this does not mean that miners' operations aren't negatively affecting the surrounding community, even if they are employing renewable energy. When considering the environmental impacts of proof-of-work mining, that is something that should definitely be taken into account.

This is what we get when politicians make rules about things they do not understand at all, mining is a very useful way to stabilize an electrical network, and becomes a "buyer of last resort" which allow some energy projects to actually be feasible.

They will realize in a few years, or maybe not.... but bitcoin is that unstoppable behemoth that will not be stopped by proposal like these ones. Worst case scenario, miners will move out, as they did during the china ban.

Whatever it is they want to do with such data, I have a feeling that it will not be to the good of Bitcoin and the Bitcoin community. I do not see how such data is supposed to be important to the US government because the electricity are paid for by the mining companies. Assuming the energy consumption of the mining rigs poses a threat in any form, then it would have been open for discussion. Like you said, we can only hope they are not planning another crackdown on Bitcoin mining activities in the US and by extension, the rest of the world.

What else can you expect? If they are doing a survey or some investigation or whatever regarding Bitcoin and cryptocurrencies, you should know that they are thinking about doing something which is why they need such data so that they can come up with an excuse or something to do something against Bitcoin and the miners within their region.

They consider Bitcoin and cryptocurrencies to be a hurdle in their way of controlling people and their finances because if they leave them alone, don't do anything, and let the people adopt and use Bitcoin and cryptocurrencies freely, they know people will start managing their finances and financial activities themselves instead of having a requirement of a central party to do that and that would mean no control and power for the authorities at all.

That's certainly because electricity is not unlimited, you need to built plants and infrastructures in order to generate it and to deliver it. And mining Bitcoin doesn't bring much things to the US unfortunately, it doesn't create jobs or a real economy there. Miners only use american electricity to make money on international crypto exchanges without buying and selling anything in the country except electricity, so if it induces any net cost to the US, they will certainly tax crypto ming or ban it there.

texas ERCOT grid is only 23% fossil 77% renewable/nuclear
there are many many asic farms in texas using the grid, signing electric contracts for large MW allotments due to texas ERCOT being more green than your preferred host

If they cannot help the situation then they shouldn't by any means add to the challenges the bitcoin mining may face, if they got to know more about this, how will they help, I hope this will not also lead to what we are thinking when they will come up with the threat on high demands on energy consumption for bitcoin mining, my feelings though, I expect by now they should have realized that none of these is environmentally unfriendly with the emissions through the energy required compared to the ones they the government render to the environment through their centralized energy consumptionw on other economic activities.

i don't know why the government keeps raising news about energy use in the crypto industry, do they think that energy use in the crypto industry is much higher compared to other industries? even though the crypto industry also contributes taxes and pays electricity to the country, why is this industry continuously monitored closely as something disturbing by the government. this is unfair and discriminatory against bitcoin..

Monitoring electricity usage of Bitcoin mining isn't necessarily a bad thing. Having data like that can help make informed decisions about potential regulations. But that's only if they're being open-minded and if the point isn't to just confirm that mining has a negative impact and should be restricted.
I believe that what they should be looking at is not just electricity usage, but also electricity sources, for example. Also, they should look at other areas with high electricity consumption and analyse their positive and negative impact alongside that of the mining industry.

And I asked you where!


And I asked you which!


It's getting tired of empty statements without proof.

I showed you 3GW of fossil fuel powerplant completely OWNED by mining companies, you have failed to produce at least one example of medium one running exclusively on solar and wind. Why don't you go one by one, all of the major mining companies in the US are listed on the stock exchange they have to provide data on their operation, their assets and so on, so why do I have the press release of HUT8 buying 4 gas powered plants in Canada and not a single one about buying a solar farm?

You want to debunk the FUD, good, do that with facts and numbers! So, show me the panels!


And this is exactly what EIA is going to do, they are going to get the data and from now it's the government going to penalize miners that consume fossil generated energy and make them use renewables. Nobody will give a damn if 100000Exahas are powered by the miners own renewables, but if you're increasing community electricity prices because a miner gulps out all the electricity from a dam, that's not going to fly


Franky, what's the hash rate of those crap coins? Is it enough to counter 500 exahash of old gear you supposedly thrown out to replace to get your efficiency?
And for god's sake learn to use quote!

YOU are the idiot that mentions sha256 miners sold to altcoin using scrypt.. no one else.. just you
what a stupid response you made and then debunked yourself instantly..

when crapcoin of sha256, have users that cant afford to buy s19/s21 new asics at $4k+ for 200thash, which affects profitability.. they instead buy older gen asics cheap, thus the hardware saving counters the inefficiency of the asics electric:hashrate conversion rate

another common sense analogy for you
when your parents cant afford to buy you new clothes. they bought second hand hand-you-down clothes to save on the overall fashion bill of the family

.. wait.. is this why you still use a s17 on a hosted plan..
(cant afford to buy a newer gen asic and cant afford to mine in the EU so you signed up to a US hosting plan you now idolise, even if it hasnt made you ROI a couple years later.. and now you are worried the EPA will shut down your host and confiscate your asic)

Did you not read what I wrote? I talked about miners running AT renewable power plants. THIS ALREADY EXISTS. Government should just be promoting it rather than trying to demonize bitcoin mining for power use, which is very arbitrary since everything these days uses power. There are also mining companies  building or who have built their own renewable power plants specifically for running their mining operations. You act like mining with renewables doesn't exist lol, when renewables have been heavily used in mining for many years.

You didn't really make a good point when you pointed to a coal plant that was so cheap because it was literally operating illegally lol. Of course that's going to be cheap, they also had to shut it down because it wasn't legal so you lost that argument right there.

Why isn't anyone mining at home with solar panels?? I'm sure there are lots of people using solar panels to cover some of their mining electricity usage. I'd be interested to know why you assume their aren't? Think its pretty obvious a lot of people do that.

And why are you trying to put words into my mouth? I said nothing about hurting people to benefit miners. Literally I said the opposite. That mining should be done in a way that is BENEFICIAL to society. You're pretending I said I want mining to hurt society. You know you're losing the argument stompix when every reply you're just arguing against things I didn't say, rather than arguing against the things I did say. Your last sentence absolutely applies to people who disregard any bad effect of mining on society or miners who operate on the grid at the same level of consumers and jack up the price of electricity, but I in no way said I support any of that. You're just making stuff up because I didn't give you something to argue with me about, at least not an argument you could win, clearly.


It's pretty simple. Government should try to nudge mining companies to choose renewables over fossil fuels. Much of mining already uses renewables, and the goal is just to gradually move that higher and higher (it is already high, certainly higher than the US as a whole uses renewables). Government should be actively promoting miners to operate at all renewable power plants. Government should be promoting the benefits of bitcoin mining on society (outside of the benefits of course bitcoin mining has directly for bitcoin) and there are big benefits! Whatever incentives/disincentives the govt comes up with to nudge miners to use even more renewables should be sensible and reasonable, and obviously not simply be an attack on miners. For example, some large and arbitrary tax on all miners with the goal to simply put them out of business....that is no sensible or reasonable and does nothing to increase the benefits of mining while stopping the "misuse" of mining.

Well,  show me one mine major mine that uses only solar and wind and doesn't fall back on the grid at night or when there is no wind! Or at least one major farm, so let's say 100MW that is powered with solar panels! I can show you dozens of this running 100% on coal and gas.

And it's not because well they hate the environment or something lese, it's because it's cheaper!!!!
Mara was paying at Harding 2.4 cents per kwh before they had to shut it down since the plant was following any environment rules, a 7 years mothballed plant running on coal.
You CAN'T compete with that!

The only way you can do is having small partnerships like Phil here does, when you feed power in the system, you have extra capacity, you get power from the grid at night and so on. But on a scale of Rocksdale at 750 MW, well...show me the panels!

If renewables would have been cheaper, why isn't anyone mining at home with their solar panels? Crickets!


So how do you plan on telling the average Joe paying 15 cents/kwh that the government needs to subsidize miners to pay only 4 cents per kwh to keep them competitive while at the same time Joe has to cut electricity consumption and gas consumption and face blackouts while miners asks for permits to burn tiers to produce electricity?

This is the problem when you're so heavily involved in something, like people here are in bitcoin, you stop seeing the worlds from the others' point of view!



Oh yeah, resold to....what?  

S17 and S9 are sold to...mine the stuff that....uses scrypt? Yeah, almost forgot that's what ASICs are, Multi Purpose Integrated Circuit devices
Or they are used to mine bsv, since obviously it's profitable to do so with it since the guys mining BCH and BSV are too stupid to buy a new miner!
Oh btw, what's the hashrate of BSV and BCH combined?

But nevermind that, how much do you get a day by mining Ripple with an s17? 

its resold to the altcoin market.. (you really need to check on things before posting.. )
oh and you 30,000tonnes number.. i laugh
30,000tonnes is YOU suggesting 2.1million asics are thrown away every year

heck your not just 2x exaggerating numbers without thinking. you are multiplying an exaggeration by alot more then 2x



i dont idolise nor care about riot. you seem too involved, too idolising of riot. i dont care about riot but know i can actually find information. unlike you that admit you dont use google and instead presumably been provided with links to things that confirmation bias fit your narrative.

maybe try to look passed your favoured bookmarks


they dont just spike and drop, i cant believe i even have to explain how factories CONTINUALLY quality assure there products. where each electrical outlet would have a device connected to it and swapped out with the next batch meaning the production rate is continually cycled as is the quality assurance tested products cycled before shipping.. no drop off.. just a change of which serial number product is currently running.. which wont be noticeable to the hashrate when they cycle through batches

okay first off

s17 pro set to low or using brains does around 29 watts a th 35 watts a th on medium

s19 pro does about 29 watts

s19 xp does about 23 watts

all of the above I own and they are well tested numbers

so I don’t own a s21 but there was some testing done here showing

3900 watts and 200 th which is 19.5 watts not the advertised 17.5

based on jan 2023 13 months ago we had around 400 eh and no s21s

we are now at 550eh

lets argue 75 eh are s21s and based on current testing lets argue 19 watts

the other 500eh are maybe 28watts certainly not more 32 watts or more

so maybe the  numbers are
 400eh at 33 watts and
 75 eh at 26 watts and
 75 eh at 19 watts

I am on an ipad mini so I need to check the average for those numbers.


I am thinking ballpark the network is close to 30 watts not lower .

Huh?? i didn't say mining isn't done by fossil fuels. I said a lot of mining is done with renewables and if environmentalists understood how mining worked and the benefits it provides they would be promoting more mining at renewable energy planets, not fossil fuel plants.

I think there should be miners operating at every renewable power plant to turn on when consumption doesn't match generation. When this is done at fossil fuel plants it is of course not good because at those plants they are just burning more fossil fuels (though using flare gas is good because that is fossil fuel that is already wasted and can go toward bitcoin mining with zero cost to the environment). But when done at renewable power plants it uses wasted electricity and strengthens the green energy production market, both very beneficial for society. But people who want a study to see how much power mining consumes aren't even going to understand this is how it works.

I bet the purpose of this study is just to point out the obvious, that mining uses a lot of electricity, and they'll disregard the good things that mining does and entirely miss out on the ways the government could promote mining to help the renewable energy market and just use the big number to say bitcoin is bad to justify some sort of attempt at a law to try to stop mining.

Now if the idea was to use this study to promote some regulations that put a bit of pressure on mining companies that use fossil fuels to switch over to renewables, through some sensible incentives, that'd be great. But politicians really don't understand how bitcoin mining works so I guarantee this is going to be a biased report and they aren't going to actually have the knowledge to use the information they gather in a way that helps Bitcoin and America and the environment.

So you agree that we're seeing each year 30 000 tones of electronic waste, right? 


If you had to google that, then franky...google everything, cause , well, you know nothing!

That aside, in that wall of text which has no end and no start, doodles with no connections between them do you actually have a point?
Other than admitting there is no s21 mining in any significant volume, other than if Bitmain would have tested it on large scale you would see the sudden spike and then the drop as they ship those, that the T21 is schedule for March, that we don't see the market flooded with old gear, that Bit main is still selling s19, that mining is not just about the electrical cost on the rating Bitmain gives with are usually off the chart by at least 5%, and other things a miner should know?


Yeah, see the problem, I don't! I can't feel sorry for somebody who refuses to learn and who keep blurting out the same non-sense!
Somebody who has never admit being wrong once like he's god or something, despite being wrong in every single like!

first of all... you need to realise many things about many things before deciding that you should try to throw your thoughts around

lets break it down for you

in the post you wanted to poke holes into.. i mentioned the s19 and s21
you wanted to cry about s21.. by mentioning your little hash contract you have with their hosting for YOUR s17 YOU have not made ROI from

secondly i just googled about roit(took 4 seconds) to find references that they had 10's of thousands of s19  (NINETEEN)
so your attempt to now go weirdly extreme opposition by now saying your favoured farm thats in hot water is a s17 farm is a laugh

i think you are trying to project your own personal inefficiency onto the entire network

thirdly
everyone knows bitmain dont just solder circuits together and throw them on a truck..
they (lets call it "quality assurance") pre-run asics on a few pools they partner with
mhm, yep.. i said it  its a known fact before small farms like your favourite one even get to touch a s21, there have been farms using s21 even in 2023.. are you shocked!!! you shouldnt be, but i would not be surprised that you didnt know this basic stuff

but putting that aside

when there are GUESTIMATES using january data they are STUPIDLY (LIKE YOU) using outdated inefficient hardware ESTIMATES to fudge the numbers to appear as the network uses more electric then it actually does..
we both know i called you out on your blind admiration of the cambridge exaggerated numbers.. and i had to point out you should look at the methodology page and do a "find in page" for  'guess'(19) 'estimate'(57)  'assumption'(31) to reveal how many times they say their stuff is just guesses and assumptions


i however showed rational numbers of january knowing there are both s21 and s19 on th network right now...
also worth noting asics make ROI in 2 years or less.. i feel sorry for you if your rented s17 has not made ROI in many years

i think you are just upset that your own rental is not performing and may get sanctioned/removed from your host by the EPA for using fossil fuel. and so you want to pretend the rest of the network is in the same dire position as you

reality is whilst your s17 rig which is wasting 40-50+j/th .. the average bitcoin network efficiency is actually in the range of 17-21j/th

i do hope you can break your contract to sell your old rig and maybe use a bit of it to upgrade..
but dont exaggerate the numbers by using guesstimates of inefficient hardware using network peak hashrate.. to produce excessively out of bounds guesses of electric usage

---

ill say this again to pre-empt more cries from you
i did not mention the batch of newest asics ordered last year but first releasing this year (T21, S21 Hydro) which are 14-16j/th
i instead mentioned the s19-s21 21-17j/th which are on the network right now, and not just for 10 days

i do genuinely feel sorry for you for being a lagger, lagging behind current trends and not making ROI. i hope your life improves
but dont project that the rest of the network is lagging behind with you..
majority of asic farms do not lag behind inefficiently mining for 5 years on old redundant hardware. most attempt to upgrade under 2 year lifecycles to stay competitive and in profit.

I just hope they will get honest data. Because if this is a cunning way for them to create a survey or a study just to back up whatever sinister plan they have against Bitcoin, then they will definitely end up with a damaging set of data. Whatever negative plans they have against Bitcoin will now be justified.

So far I think a big source of Bitcoin mining in the US is already renewable. Some of those operations using grid electricity are also taking advantage of surplus in the supply.

The Bitcoin miners have been making some profit lately and then this happened. LOL. I am not from the US and I don't have any Idea about electricity usage in the US. But, the government wants to know the information means something is going to happen in the future. I don't know if the US has to buy electricity from other countries, I always thought they have enough power sources. I don't think they have to limit electricity usage unless they are buying electricity from outside the US. I have seen some YouTube videos where the miners were setting up solar panels for their mining farm. I don't know if that helps enough. Let's hope no more censorship.

Franky, RIOT will be buying gear till 2025 at least since they have 200 000 machines on order!
But this doesn't mean they are right mining with an ASIC that Bitmain started to deliver on the second week of January!

What part of not using a gear that is barely available to anyone right now as being used by all the miners exclusively you don't get?


I just love when you have one of your brain meltdowns, it pisses you so much when I'm catching you not knowing what you're talking about!


What other farms when the first batch from Bitmain was a month ago?  

wait werent you saying RIOT was buying loads of asics 2020-23 increasing its hashrate using most efficient asics..
wait werent you saying RIOT was profitably mining at extreme cheap electric prices

oh so now they are not making ROI and using old gear.. .. ok.. sucks to be you(a fan of them).. but atleast you admit they are not as great as your previous adverts of them
lets not also forget how they were selling power because they were not using it. and yep legal issues ensued with that too

but to stompix ROIT are the greatest and does the best mining

oh and whilst distribution centers of asics maybe doing deliveries to the little farms such as stomixes favourite.. what he doesnt realise is other mining farms related to bitmain were mining on s21 before stompixs favoured farm ever got a delivery

maybe stompix is just upset that his favoured farm is not making ROI and in legal issues and not getting deliveries so wants to suppose no one mines on newer gear because he wants to keep his last dream alive that his favoured RIOT are the best.. rather than realise RIOT are not

but i do feel sad that stompix must be a hashrate renter of riot, using outdated gear thats currently in legal dispute, running on fossil fuel and probably going to get a EPA sanction ontop

---

i still laugh that stompix idolises a farm that cant make ROI on s17 and have not yet upgraded hardware to atleast an s19

Which Bitmain has started shipping barely 10 days ago but you think all the hashrate is made out of, lol 
Keep trying franky! Meanwhile Riot still miens at rockdale with s17s series!
You do realize at the rate you're throwing's old miners out of the game that basically none of it had time to ROI before it's being replaced?

But you have to love the attitude here!
What do you guys fear?
Everyone said miners run only on green energy, so ...no problem right?
Miners consume less energy than Christmas lights , so, why is everyone scared?


So a 750MW coal power plant at Rockdale and a 350mw at Harding, a 250 gas powerplant at Greenridge, 4 natural gas powerplants in Canada by Hut 8, the gas powerplant at North Bay, 600MW of coal at Merom Generating Station, 300 MW at Whinstone it's all green and environment friendly , right? 

I now know why everyone fears this inquiry!
Because they know that the actual truth is not the truth they want!

That kinda sucks cuz its definitely just going to be used to try to make bitcoin look bad.

I very much doubt they are going to dig into the details to see that bitcoin uses a lot of clean energy, bitcoin helps power plants, bitcoin solves energy imbalance issues. Probably just want a big energy consumption number so they can say "bitcoin bad" since they don't actually understand how the mining industry works.

If they understood how mining works environmentalists (me being one) would promote bitcoin mining being used at renewable energy plants, and to solve other energy imbalance issues.

no one bothers using the asics of 2016 anymore which cambridge still uses in its GUESTIMATES of 121 last year
cambridge still use the s19 range and include many that are inefficient and unprofitable.. which everyone knows people retire those.
no one uses unprofitable hardware. they secondary market sell old hardware for altcoins to use whilst upgrading to latest generation asics to stay profitable

heck.. cambridge still uses a 30 j/thash rate.. although current gen asics (s19-s21) are 21-17 respectively

---

using current generation(bitmain s21) asics of 3.5kw for 200thash
with network peaking at 540Exahash (emphasis peak=most)

if the network was 540exahash all year
540000000 /200thash = 2700000 asics
2700000 * 3.5kw = 9450000kw/h = 9450mw/h = 9.45gw/h
9.45gw/h = 226.8gw/day = 82,782gw/year = 82.78Tw/y

82 is better then 121


now with that all said..
the 540 was a peak but assumed all year
the actual average hashrate of the year is 374767942.7 (375exa) which is a 57.48tw/year using current gen(s21) asics
the actual average hashrate of the year is 374767942.7 (375exa) which is a 71tw/year using last gen(s19) asics

---

US uses over 4000TW/year for all electric(residential, business, industry) which would be 80TW/year at  2% rate
but this 2% of american rate (80tw/y) is more then WORLD bitcoin usage.
the amount of bitcoin usage of electric for just american miners is far less than 2%

in short bitcoin does not use 2% of americas electric

Most definitely, they want to consider another revenue generation avenue and industry for the US to keep milking. It's obvious that SEC has opened their eyes to the fact that the potential in the blockchain space.
They are further exploring the way and measure through which they can regulate control over the operation of mining crypto. This too shall pass and blockchain is bigger and better than their antiques.

Because those factories create goods that are useful to society or can be exported, they also create jobs. While Bitcoin mining enriches only the few and not very useful to society as a whole. Plus mining has potential to disrupt the energy grid because mining operations can pop up suddenly and draw a lot of power. There have already been cases in other countries when authorities had to step in and ban mining as it was causing blackouts.

And you're acting as if Biden already banned mining when this is just a survey that it aimed to just study whether there is a negative impact or not.

Sooner or later more things that have to do with Bitcoin mining, tax, and payment will be something the US president will have interest in ever since Bitcoin spot ETF has been approved which is something some US senate don't want to see happen so some of this Senate will want to open the eyes of the President to some area that may impact BTC market in some ways.

That’s something so interesting and stressing  at the same time, once the US government puts their hand something they always ruins it and end it. I don’t think they can effect bitcoin somehow because it will effect also many stuff related to bitcoin, stores, businesses, companies and online services.
But if something really happened and they could cut the electricity for mining bitcoin machines it might be the end of bitcoin and the price will fall badly, maybe they will put extra fees for the electricity related to mining which also can make things bad in crypto market.
I don’t live in united states so it’s hard to predict what can happen next after the finish their data collecting and what decisions they would take against bitcoin mining, can someone explain more about what can happen?

It is like attack against Bitcoin. One day after attack from the USA, there is another one from Europe. They don't do this randomly but nearly in time coincidentally, all was planned, in my opinion.

Many fud against Bitcoin mining and it is just coming back when Bitcoin needs correction.

Ses a fud in 2017
Bitcoin mining on track to consume all of the world's energy by 2020.

Magically, not till 2020 but today in 2024, we still have energy to use even Bitcoin network hashrate grew a lot since 2020 and Bitcoin mining industry grew dramatically.

And that strategy can only work with centralized exchanges system and not for the decentralized exchanges ecosystem. If USA is trying nto monitor cryptocurrency users data then as I said earlier it can only goe the KYC system and not for the non KYC system or platforms. USA is always bringing new things to regulate bitcoin and it brothers cryptocurrencies but they can't do that to non custodial wallets.

They should just let bitcoin be the way it because the more they try to regulate the more difficult for them to do.

Is this their strategy to start attacking us base miners? Because if the outcome of the survey is anything less than expected i guess that will be their next line of action otherwise what will prompt such surveys in the first place 
The moment things about to get serious some irrelevant fud will pop up from the government, kind of like there is a dept that solely focuses on creating fud for the govt. 

I want to hope this is their way of helping Bitcoin out like some users pointed above.  But considering the previous actions taken by The United States against Bitcoin and Cryptocurrency in general, I do not think it is their intention.  I for one expect the worst or dumbest thing to happen soon.  Probably hearing about Bitcoin being the 'main contributor' of climate change again.  Or obliging Miners to pay extra Tax for contributing to it.

there is nothing good when the government surveys and collects data.  this is where they will identify whether the miner is using the grid or their own green-environment-friendly energy source. i guess they would do something to those miners using the electricity coming from the grid. most probably collect their share maybe but don't think the green energy miners are safe.

my guess is, the miners will sign contracts to only sell BTC to the government?
or the government will get its share from the BTC  they mine?
or this is where miners are going to be united by the government to censor transactions.  

They have gone crazy as the hatred for Bitcoin in their mind is clearly visible and I think when they cannot ban Bitcoin as they were unsuccessful in their previous smear campaigns they have now adopted new method of threatening users indirectly and all these unnecessary activities to make miners feel unsecure or to put them in spot light it's actually a design thinking called spot light affect it's a psychological game which they are playing. Bitcoin has sustain all these hurdle and it will sustain this one as well. 

I will give you the answer here as well as elsewhere 
The US lacked some energy because of the cold days, so it is somehow easiest to look at Bitcoin as the culprit. Bitcoin is a consumer of electricity, but certainly not as it is presented. Cointelegraph could do some research

check this https://bitcoincleanup.com/

or references listed at https://endthefud.org/

Of course they will after all that mandatory survey made, we just don't know what it is, new tax regulations, new policy might be good, but banning it will be the worst scenario.

Don't talk like the survey have already done that it will end up in always as a bad news, it could be just new policy and innovation for good, or just tax related policy.

It's a possibility. Some think the focus on Bitcoin's energy use is a bit of a distraction, drawing attention away from other political moves. And you're right, many miners aim to use cost-effective or renewable energy to stay profitable. The debate continues on how to balance crypto activities with environmental concerns

The EIA has conducted a rigorous evaluation of U.S. crypto mining activities using public data and estimated it to represent as much as 2.2% of U.S. electricity consumption.

The University of Cambridge’s Bitcoin Electricity Consumption Index estimated worldwide Bitcoin mining used 121.13 terawatt-hours of electricity in 2023. The entire country of the Netherlands, with more than 17 million people, consumed 121.6 terawatt-hours in 2022.
https://www.cnet.com/home/energy-and-utilities/how-much-power-does-crypto-use-the-government-wants-to-know

While it’s understandable to have concerns about what the administration might do with this data, it’s also important to remember that understanding the energy consumption of Bitcoin mining could lead to more informed policies and regulations. It could potentially lead to innovations that make Bitcoin mining more energy-efficient, or it could influence the development of renewable energy projects. Let’s hope for a positive outcome.

Maybe it's just to attract attention while they make another kind of lame move typical of politicians.

We all know that mining uses most of the energy that would be wasted or renewable energy, otherwise this line of activity would not be profitable.

This is madness and crazy at the same time. Why they keep torturing Bitcoins like this while there’s a lot of factory that consumes tons of energy and producing waste at the same yet there’s no serious complaint about it despite bunch of global warming advocacy against it.

Biden Administration is hypocrites to its finest on focusing alone on the power consumption of Bitcoin as if it’s the only thing that consumes power in their country. Their banks is already collapsing, this is probably their retaliation to make people focus on their shit banks and discouraged the use of Bitcoin.

I first saw it in Twitter:


Then I saw it on the news: https://cointelegraph.com/news/us-crypto-mining-electricity-survey-energy-department

It is a six month mandatory survey.

Let us hope these people are not trying to come up with something.