Sec. 3. Definitions
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In this Act: The term Administrator means the Administrator of the Environmental Protection Agency. The term air pollutant has the meaning given the term in section 302 of the Clean Air Act ( 42 U.S.C. 7602 ). The term block means a group of data stored as a single record in a blockchain. The term blockchain means a distributed ledger technology in which— the data are shared across a network that creates a digital ledger of verified transactions or information among network participants; and the data are typically linked using cryptography to maintain the integrity of the ledger and execute other functions, including transfer of ownership or value.
The term consensus mechanism means a process to achieve agreement among network participants on the current state of a blockchain. The term crypto-asset means a digital asset, which may be a medium of exchange, a representation of value, or both, for which generation or ownership records of the digital asset are recorded in a distributed ledger technology that relies on cryptography. The term crypto-asset mining means the process of performing computations to add a valid block of data to the blockchain, typically in exchange for a reward or fee.
The term power load means the amount of electrical power, in megawatts, that can be consumed by a qualifying crypto-asset mining operation. The term qualifying crypto-asset mining operation means— an individual crypto-asset mining facility that has a power load that is greater than or equal to 5 megawatts; or multiple crypto-asset mining facilities that— are owned by the same company; and each have a power load that is less than 5 megawatts; but have a cumulative power load that is greater than or equal to 5 megawatts.
The term scope 1 emissions means greenhouse gas emissions directly from sources that are operated, controlled, or owned by an individual or entity performing a qualifying crypto-asset mining operation. The term scope 2 emissions means indirect greenhouse gas emissions associated with the purchase of electricity, steam, heat, or cooling by an individual or entity performing a qualifying crypto-asset mining operation. The term Secretary means the Secretary of Energy.
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