Bitcoin Miners Starting to Worry Overly Attached Federal Government Is Reaching Stage 5 Clinger Level
The Energy Information Administration (EIA) has done everything short of make it "Facebook Official" this Valentine's Day as they close in on object of the federal government's affection, Bitcoin miners. Last week the EIA announced it will “survey identified commercial cryptocurrency miners, which are required to respond with details related to their energy use.”
The move has many Bitcoiners and Bitcoin miners worried about potential policy action aimed at reducing energy consumption and electricity use by commercial Bitcoin mining entities which could harm their business or affect the Bitcoin network more broadly.
"This whole situation started as sort of like a blind date between miners and politicians orchestrated by Dennis Porter" an anonymous source within the public Bitcoin mining industry told the Bugle. "Dennis assured us that regulators, policy makers, and other political entities had no interest in harming Bitcoin or the Bitcoin industry. He said they just wanted to learn more and figure out how Bitcoin could benefit voters." He added.
After receiving the EIA's letter, some Bitcoin miners are no doubt regretting accepting Dennis Porter's matchmaking proposal. "It started out fine but they're obsessed with us now. They call, write, and text us every day. Even if we don't respond," one Bitcoin mining executive said. "They don't seem to get the hint that we're not really interested in something serious. We just wanted to put ourselves out there, meet people, and explore opportunities" the executive clarified.
Some observers in the space believe once the feds figured out how much money the miners were making and how much their Bitcoin treasuries could be worth someday, they realized they couldn't let Bitcoin miners be "the ones who got away". With so much potential tax revenue and public leverage potential, the EIA and other government agencies would be crazy not to focus their efforts at the up and coming new industry.
"It's just exhausting and a frankly, a bit frightening", a Texas based mining consultant explained. "They want to know everything about us. Our utility bills, our debt levels, our future plans. One regulator even DM'ed me on Nostr after I blocked his number to ask me what my biggest fears were."
Bitcoiners often jest about finally finding girlfriends when Bitcoin reaches global reserve currency status. If that ever happens, it to be determined, but one thing is for sure, Bitcoin miners won't be lonely this Valentine's Day. Whether they like it or not.
