Bitcoin: A New Regulatory Attack Vector

Bitcoin: A New Regulatory Attack Vector

It looks like the PR battle over how much energy Bitcoin mining consumes is not over after all. A while ago, I declared that it had been won – the tireless pushback from people who actually spend a lot of time researching this had muted the criticism and concern. Facts and reasoning had vanquished fear-mongering and use of trigger words.

How naïve.

Last week, the U.S. Energy Information Administration (EIA), a statistics agency under the Department of Energy, fired a handful of salvoes at the Bitcoin ecosystem.

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One was the announcement that the EIA is launching a mandatory survey of all U.S.-based bitcoin miners.

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