Biden using Climate Change – Dept. Of Energy To Go After Bitcoin and Crypto

Using “climate change” to force every Bitcoin miner to register. Yes, they’re devious. And, yes, they use “climate change” to control you. – Peter St. Onge

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BIG BRREAKING: #Bitcoin miners begin receiving letters from the EIA forcing them to report sensitive data. The miner who received this letter only has 10 days to respond to the request by the EIA or face huge fines or worse! Fortunately, we have a plan on how to fight back, but let me share more about the EIA mandated survey. On January 24th, the Department of Energy issued a statement, saying that #bitcoin mining was likely to cause “public harm”. The Federal Government then used its emergency powers in collaboration with the EIA to force miners to report their location, energy use, and energy supplier. I have said many times that I strongly disagree with this move by the EIA to categorize miners as a ‘threat to the public’ while also mandating that miners report sensitive data to the EIA.

This is NOT how the Federal Government should be interacting with a new and growing industry that has so much potential. The #Bitcoin mining industry is filled with innovators and builders. We should be encouraging them, not threatening them. #Bitcoin mining has the potential to radically reshape the way that we manage, produce, and transmit energy in the USA. #Bitcoin miners know this and they are more than happy to collaborate, in order to prove that mining is a powerful piece of technology which can do good for the grid, the economy, and the environment. #Bitcoin miners are increasingly showing their willingness to be transparent. Bitcoin miners are ready to begin showing the world what this technology is capable of achieving. I know this because my team has been working diligently with #bitcoin miners to help them showcase the ability of bitcoin to balance the grid and mitigate methane emissions. We have been working with #bitcoin miners, large and small, to accomplish our goal of educating lawmakers and regulators on the incredible benefits of mining.

Just recently, we produced a paper with the former ERCOT & NYISO CEO which outlined the benefits of #bitcoin mining to the grid. Paper: papers.ssrn.com/sol3/papers.cf We are also diligently working on a paper to show the value of bitcoin mining as a methane capture tool. More coming soon! In both instances, we worked directly with #bitcoin miners to produce research that shows the benefits of this technology. And here is the latest news! Satoshi Action now officially has recorded 500 MW of respondents to our grid balancing survey which was launch just earlier this month. That survey will help us better understand how often bitcoin miners are balancing the grid across America. In the month of January, there was a significant amount of extreme winter weather across the USA. During those times, power demands skyrocket. Yet, we got reports from #bitcoin miners across the country who were shutting down their power usage and making that power available for ratepayers instead. It’s very likely that during those winter storms, bitcoin miners delivered back enough power to heat millions of homes and potentially save lives in the process. If you were a bitcoin miner, who is interested in helping us share the value of this technology for balancing the grid, please reach out and ask for our survey. We need to work together to ensure that lawmakers and regulators are well informed on the potential of bitcoin mining #bitcoin mining. – Dennis Porter

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