NY bill aims to limit crypto miners using fossil fuel-generated power

Cryptocurrency mining requires a lot of electricity to power computer systems that compete to solve mathematical puzzles to validate blockchain transactions. The miner who solves the puzzle first is rewarded with cryptocurrency.

The State Assembly passed the bill in April and the Senate passed it late last week. The governor's office said on Monday she was still weighing whether to sign the bill."There is a balancing act involved here, very much a balancing act," the governor said in a statement on Monday.

To prevent cryptocurrency mining from increasing greenhouse gas emissions, the bill would impose a moratorium on air permit issuance and renewal for an electric generating facility that utilizes a carbon-based fuel and provides energy used by crytocurrency mining operations.Reporting by Scott DiSavino; Editing by David GregorioSign up to our tech newsletter to get the latest news and trends in the global technology industry.

steal mainstream should be killed.

This is pure b.s., 38% of the power in new york state is produced with fossil fuel and nobody give a fuck. just a a vendetta again crypto.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NY Governor Urged to Support Bill Protecting Vaccine PrivacyPrivacy advocates are urging New York Gov. Kathy Hochul to sign a bill that would protect sensitive information gathered from people being vaccinated against COVID-19. Advocates say the sharing of information could be misused by a raft of entities, including authorities who the New York Civil Liberties Union suggests could use that data in criminal proceedings. That possibility could be having a chilling effect in the rate of vaccinations among some groups, and hinder public health efforts against the pandemic and other health crises. The proposed law also has wider ramifications. With the recent spread of monkeypox, some health advocates worry that the sharing of information collected in administering vaccines for the disease could result in privacy violations.
Source: NBCNewYork - 🏆 270. / 63 Read more »

NY Daily News - We are currently unavailable in your regionDamn
Source: NYDailyNews - 🏆 551. / 51 Read more »

NY Daily News - We are currently unavailable in your region
Source: NYDailyNews - 🏆 551. / 51 Read more »

NY Daily News - We are currently unavailable in your regiongraham_rayman BKriegstein Gina_Salamone ginnieteo NewsMaven stevenferrari danboll janieho16 NYDNOpinions NYDNSports Dang, just putting folks business all in the street.🤷🏾‍♀️ graham_rayman BKriegstein Gina_Salamone ginnieteo NewsMaven stevenferrari danboll janieho16 NYDNOpinions NYDNSports Well this was an everyday issue in Dominican republic and others countries years ago the so call plastic surgeons kill or mutilate their victims that was looking for the cheapest bidder graham_rayman BKriegstein Gina_Salamone ginnieteo NewsMaven stevenferrari danboll janieho16 NYDNOpinions NYDNSports Sad why you female's especially you older ones are just not comfortable with your natural body parts just sad
Source: NYDailyNews - 🏆 551. / 51 Read more »

NY Daily News - We are currently unavailable in your regionWell this was an everyday issue in Dominican republic and others countries years ago the so call plastic surgeons kill or mutilate their victims that was looking for the cheapest bidder Sad why these women especially older women are just not comfortable in their natural bodies What a shame. Sending strength
Source: NYDailyNews - 🏆 551. / 51 Read more »

Starbucks closing NY cafe in what union calls retaliation: reportThe workers’ union representing Starbucks' workers at a cafe in New York State claims the location is being closed by the company as retaliation for unionizing. 😂
Source: FoxBusiness - 🏆 458. / 53 Read more »