Bitcoin Mining Moratorium Passes Vote in New York State Assembly

Don’t think for a second those pushing this are “just” or “noble” – they’re most likely bought and paid for like every other politician. Hopefully the state senate shuts it down

Bitcoin Mining Moratorium Passes Vote in New York State Assembly

“Though the bill does not propose an outright ban on crypto mining, it would halt mining firms from renewing operating permits if those operations are fossil-fueled. According to the bill, this also means that new permits will not be approved either.

‘The Department of Public Service shall not approve a new application for or issue a new permit (…) for an electric generating facility that utilizes a carbon-based fuel and that provides, in whole or in part, behind-the-meter electric energy consumed or utilized by cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions,’ it reads.”

https://decrypt.co/98795/bitcoin-mining-moratorium-passes-vote-in-new-york-state-assembly

 

 

Master Asked on April 27, 2022 in Bitcoin.
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