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US judge halts government effort to monitor crypto mining energy use

theguardian.com

21–30 of 92 posts

Re: US judge halts government effort to monitor crypto mining energy use

#21
post #6
post #5

Is there something exceptional about paying market price for a commodity?

Is there something exceptional about a major industry being asked to be transparent about its energy usage?

A simple power law formula tax solves the problem. Of course, it eliminates opportunity for corruption, so government leaders do not want it.

Re: US judge halts government effort to monitor crypto mining energy use

#22
post #3

Earlier quoted context omitted.

It's big and extremely invasive, and asks questions that are none of the government's business, and definitely none of that agency's business. The form claims it should only take 30 minutes to complete. Laughable. It's 26 pages, and it's not simple, and it begins with a threat that being incorrect is a criminal offense.

The stability and security of energy generation in the US is in fact the DOE's business.

If I opened a laundromat I doubt I’d need to fill out something for the DOE.

I think this is nothing more than another agency using the DOE for a conduit to get that information for them.

Re: US judge halts government effort to monitor crypto mining energy use

#23
post #4

[flagged]

Power is as important to society as water and food, and it is limited, particularly in Texas during extreme weather events. Understanding utilization and being able to restrict non-essential usage during a crisis is the prerogative of government.

Re: US judge halts government effort to monitor crypto mining energy use

#24

This is the form that miners allege will cause them irreparable injury and has cost them 40 hours to fill out: https://www.eia.gov/survey/form/eia_862/form.pdf

Filling out any form for the federal government is actually a big deal, because you incur huge legal liability by being wrong (criminal, if they decide you were lying). Submitting regulatory documents goes through a lot of legal review for a reason, you can't just "spitball" the numbers.

There are many instances of "please provide your best estimate" on the forms, which provides a lot of reasonable doubt for any attempt to prosecute fraud.

Besides, the rest of the data required on the forms is almost certainly readily available on monthly invoices from energy providers and suppliers (for the bulk of each Schedule 2's fields), an Excel inventory of their mining units, and a Grafana dashboard showing hash rate and load. These are the bare minimum data they'd have readily available just to ensure profitability in the first place.

Re: US judge halts government effort to monitor crypto mining energy use

#25
post #22

Earlier quoted context omitted.

The stability and security of energy generation in the US is in fact the DOE's business.

If I opened a laundromat I doubt I’d need to fill out something for the DOE. I think this is nothing more than another agency using the DOE for a conduit to get that information for them.

A laundromat does not affect how much generation you need - crypto facilities can and have.

Re: US judge halts government effort to monitor crypto mining energy use

#27

Earlier quoted context omitted.

Filling out any form for the federal government is actually a big deal, because you incur huge legal liability by being wrong (criminal, if they decide you were lying). Submitting regulatory documents goes through a lot of legal review for a reason, you can't just "spitball" the numbers.

Baloney. Any government form I've filled out gives that vibe, sure. And then when you're wrong, you don't get a fucking prison sentence, you get a phone call where someone explains why they think you're wrong and asks you to take a stab at it. Also, every form from the Government I've ever filled out that is binding in terms of accuracy goes out of it's way, where you sign (which this one, to my looking, I don't even…

sure just as long as you shut down your dumb video games and movie distribution network.

Re: US judge halts government effort to monitor crypto mining energy use

#29
post #9
post #6

Earlier quoted context omitted.

Is there something exceptional about a major industry being asked to be transparent about its energy usage?

Fair enough, but why isn’t every business/industry subject to this? Maybe all data centers, farmers, etc should have to provide detailed reporting on the energy they use.

Farmers should be subject to monitoring on disproportionate use of vital resources. Such as alfalfa farms that are a backdoor to export US groundwater to China.

Re: US judge halts government effort to monitor crypto mining energy use

#30

This is the form that miners allege will cause them irreparable injury and has cost them 40 hours to fill out: https://www.eia.gov/survey/form/eia_862/form.pdf

Trust me, if that form came into the place where I work, 40 hours would be the tip of the iceberg. No novel regulatory request would get a response without compliance and legal review and interpretation.

In any case, this isn't a decision on the merits. It's just saying that the plaintiff has a reasonable chance of succeeding at trial; the "irreparable harm" occurs when the government forces you to incur unrecoverable compliance costs for something that isn't legally required - that's just the law.

The government could've avoided this by going through the actual hoops necessitated by the Paperwork Reduction Act, notice and comment etc. rather than creating the requirement as an "emergency".

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