New York State Assembly passes ban on new BTC mines that don't use green power
Cointelegraph
Published Apr 27, 2022 12:29AM ET
Updated Apr 27, 2022 02:00AM ET
The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations.
The bill sponsored by Anna Kelles would not only impose a two-year hold on approval of any new Bitcoin mines, the proposed moratorium would also prevent the renewal of permits issued to existing PoW cryptocurrency miners using carbon sourced energy if they seek to increase the amount of electricity consumed.
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Written By: Cointelegraph
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