Bill Seeking Two-Year Bitcoin Mining Ban Just Passed In New York State Senate ⋆ ZyCrypto - BitcoinEthereumNews.com
The New York State Senate voted to pass a bill early on Friday that would essentially put a two-year ban on all new proof-of-work (PoW) bitcoin mining facilities within the state that utilize non-renewable energy to power their activities. New York Senate Passes Ban On New Bitcoin Mining Plants That Dont Use Green Energy Bitcoin networks high energy consumption was one of the hottest topics in 2021, with the likes of Teslas एलोन मस्क fueling the idea that BTC in its current form is bad for the environment. Legislators in New York have been pushing for several months to temporarily suspend crypto mining in the state before a comprehensive study could be completed. On Friday morning, members of the state Senate approved legislation targeting proof-of-work mining. The bill, sponsored by Democratic Senator Kevin Parker, passed with a tally of 36 in favor and 27 against it. It was passed by the state Assembly in April and aims to impose a 2-year moratorium, specifically blocking new permits from being issued to PoW crypto miners using carbon-sourced energy. Notably, already established sites and ones presently going through the permit renewal process would not be affected by the ban. The bill also tasks the State with conducting a