/?pid=new-york-considering-lengthy-ban-on-bitcoin-and-crypto-mining-22566

Updated:06:47 PM EDT Apr 24


this is ggmania.com subsite New York Considering Lengthy Ban on Bitcoin and Crypto Mining - TechAmok

New York Considering Lengthy Ban on Bitcoin and Crypto Mining - [briefly]
12:48 PM EDT - May,06 2021 - post a comment

A new bill in New York could threaten the growing Bitcoin mining industry in upstate New York. New York Senate Bill 6486 seeks to halt Bitcoin mining for three years until its environmental impact can be assessed, particularly in regards to the amount of greenhouse gas emitted by the practice. "Cryptocurrency mining centers are an expanding industry in the State of New York, often, but not exclusively, located in retired or converted fossil fuel power stations, including dormant peaker plants," states the bill. The bill also cites concerns that, "a single cryptocurrency transaction uses the same amount of energy that an average American household uses in one month."

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