The Texas Blockchain Council filed suit against Dept of Energy for their "emergency request for bitcoin miners electricity usage".
The judge says its likely the Plaintiff will win.
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The Texas Blockchain Council filed suit against Dept of Energy for their "emergency request for bitcoin miners electricity usage".
The judge says its likely the Plaintiff will win.
The courts are the last institution remaining before complete Atlas Shrugged / Mandibles type of policy decision making
What emergency??
To Biden, everything is a fucking emergency.
https://en.wikipedia.org/wiki/List_of_executive_actions_by_Joe_Biden
Good, because that was BS from the start and we all know it. They are fighting the good fight. Hope they will prevail. They must :-)
So they asked for miners electricity usage? What defines who is a miner?
The EIA (Energy Information Agency) a sub-department of the Dept of Energy, has asked miners to provide: specific information regarding number of miners they run, what models of miners they run, what electricity usage of those miners, who supplies their energy, and what is the specific contractual terms do they have with their electricity provider.
From 2021, Sen Warren has been hammering away to collect this information and finally the Dept of Energy has capitulated and agreed to collect it.
Warren has publicly stated that she wants all miners to by subject to mandatory yearly energy usage reports and her plan is to publish all this information publicly!
So, any given miner will be "outed" and be subject to the following:
(a) Having physical location reported (b) Having specific inventory of mining equipment known (c) Having all terms of their electricity contract known (ie. kw/hr cost) (d) Having their full energy usage reported
The goal of this has 2 obvious implications:
Completely
Yeah, but the obvious way to avoid all this is just uh, don't report that you are a miner? That's why I'm asking, how do they hope to identify who is or isn't a miner?
The EIA sent the request for information out to these companies....it has already identified them as miners.
Some are public companies (Riot / Marathon / etc), others it got by asking the electricity providers to identify which of their customers were mining.
Sure but does this still leave the agency open to pursuing the same request through a longer, non-emergency route?
Yes, but the non-emergency route involve hearings, mandatory public comment, and ultimately congressional oversight. That process is long and drawn out and who knows....maybe there is a new administration by that time + fired heads of these agencies.