, sponsored by Democrat Anna Kelles, will impose a two-year moratorium on new crypto mining firms that use a carbon-based energy source. A corresponding bill is working its way through the state Senate.to a full vote of the legislative body.
The crypto industry mounted a fierce opposition to the bill, warning it might lead to miners relocating, impacting jobs or the U.S.'s"geopolitical interests.” However, advocates of the bill noted that existing facilities would remain unaffected by the bill, as well as any facilities that tap renewable resources. The bill itself specifies that the New York Department of Energy"shall not approve a new application for or issue a new permit ...
Another provision would ban renewals for existing permits for similar facilities if the renewal applicant seeks to grow their facility. The bill also calls for the state to create a"generic environmental impact statement" that evaluates PoW mining and mining facilities in the state.Adds in third paragraph that an assembly committee had voted on Monday to advance the bill to a full vote of the legislative body.
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nikhileshde Idiots. How are you going to block it? YOU CAN'T, unless you can block ALL forms of energy/electricity everywhere.
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nikhileshde New York has fallen off a cliff the last few years.
nikhileshde So are the 'right' people invested in mining... so close the doors to everyone else? I don't know...just wondering.
HaileyLennonBTC nikhileshde So what other industries will be prohibited because they are not using renewable energy sources?
Aoyon_A nikhileshde But Dennis Porter told me the bill was dead!
nikhileshde
That's why some of people says crypto is fakes investor trading
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nikhileshde How on earth are they going to control it? Are they going to 'trace' the energy sources of every energy provider?
Thank you very much_, ࠭