Respectfully, you didn't need to spend taxpayer money to conclude that Bitcoin "could consume 0.6-2.3% all electricity in the United States" - our models have been telling us for more than a year that Bitcoin uses ~1.9% of US electricity. (see calculations below) But this statistic is meaningless (unless your intention is to create context-independent soundbites to vilify Bitcoin: quite possible, considering Senator Warren's involvement in this data-gathering exercise). That's the easy bit. Here's what we also know, that the EIA has not been asked to investigate: - 52.6% of that power comes from sustainable energy - 60% of that power is on a single grid: ERCOT (Texas) - the ERCOT grid has not experienced blackouts since Bitcoin hashrate rose steeply from 2021 - The ERCOT Grid operator from 2021-23 hailed Bitcoin as part of the reason the grid became more stable, and electricity prices did not rise further for Texans - a high percentage of that power is stranded/wasted electricity/non-rival (not quantified yet, but there's a meaningful chunk of work for you EIA) - a Cornell Study showed that Bitcoin mining on the ERCOT grid allowed renewable operators to become more profitable, which helped accelerate the renewable transition of that grid - More than 10% of US network emissions are already offset through US methane mitigation, a figure that is trending upwards every year Calculations: US est electricity consumption: 4,068 billion kWh in 2024 source: EIA's own data reuters.com/world/us/us-powe…. Bitcoin current global electricity consumption: 162.25 billion kWh (162.5 TWh). source: ccaf.io/cbnsi/cbeci US estimated % of global hashrate: 47.7% Source: batcoinz.com/new-insights-on… xitter.cf/JesseJenkins/status/17…

OK I'm calling it The tide has turned in the narrative around Bitcoin & energy In last 90 days - Cambridge admit #Bitcoin energy calculations overstated - 2 academic papers (incl MIT) state environmental benefits to Bitcoin - KPMG report Bitcoin has positive ESG rating