According to the US Environment Agency on Monday, it will regulate the Crypto farms now and then targets for Datacenters. A tiny group of Democrats demanded that the US Environmental Protection Agency (EPA) adopt regulations to compel US crypto-mining firms to disclose their yearly energy consumption in a letter sent to the agency on Monday.
“Your agencies shouldn’t have to rely on the goodwill of the cryptocurrency or electric utility businesses to collect this information because it is so important. As a result of ongoing scandals, frauds, and corporate governance failures in the cryptocurrency industry, highlighted most recently by the collapse of FTX, strict mandatory regulations are needed to ensure industry compliance, the letter read, signed by a number of environmentalists and addressed to Senator Elizabeth Warren.
Datacenters and Crypto Mining Operations
Last March President Joe Bidden signed the order ”Ensuring Responsible Development of Digital Assets” to establish the policy. In response to the Democratic Party’s worries, the EPA acknowledged its authority under the executive order.
The White House Office of Technology and Science Policy (OTSP) released a study in September on the consequences of crypto mining in the US. According to Associate Administrator William Niebling, the agency is examining the report and trying to put the recommendations into practice.
Currently, the majority of hyper-scale and cloud service providers often do not reveal the design capacity of their buildings, although it’s not uncommon for a data center complex to use something in the vicinity of 60 megawatts.
- US EPA adopts regulations to compel US crypto-mining firms.
- Last March Bidden signed the order ”Ensuring Responsible Development of Digital Assets”.
- Crypto mining will account for 0.9–1.7 percent of US energy usage in 2021.
- Datacenters and cryptocurrency mining operations will be required to cut greenhouse gas emissions by 60 percent by 2027.
Regulation of data centers may be more important, according to a new analysis by analysts at the Uptime Institute. Analysts point out that this data is probably outdated, notwithstanding the OTSP report’s forecast that crypto mining will account for 0.9–1.7 percent of US energy usage in 2021.
The OTSP research does not “include the anticipated impact of Ethereum mining operations shifting from proof of work to proof of stake, which is projected to contribute for one-quarter to one-third of industry usage.
They point out that this change is anticipated to lower Ethereum‘s mining energy use by more than 99 percent. The Energy Information Administration will collect data on any data center or crypto farm that has more than 100 kW of equipment.
For comparison, 100kW is about similar to 17 typical racks operating at 6kW each. It might only take 15 top-tier GPU servers for data centers running AI or ML applications, though.
Datacenters and cryptocurrency mining operations will be required to cut greenhouse gas emissions by 60 percent by 2027 under legislation introduced in the Oregon state assembly. Similar legislation was already passed in 2021 for fossil fuel power facilities.
