New York Mayor Opposes Bitcoin Mining - BitcoinEthereumNews.com
एलेक्स डोवबिन्या New York City mayor has had a falling out with the Bitcoin community after voicing his opposition to crypto mining Eric Adams, New York Citys cryptocurrency-friendly mayor, has bewildered the Bitcoin community after voicing his opposition to crypto mining during a local government budget hearing with elected officials in Albany: I support cryptocurrency, not crypto mining. New York State Assemblymember Dr. Ana Kelles praised Adams for making the distinction between crypto and the mining of it. She added that New York City could become the crypto capital of the U.S. without supporting environmentally damaging crypto mining. Several legislators expressed their concerns regarding Adamss wholehearted embrace of cryptocurrencies. As reported by U.Today, Adams volunteered to accept his first paycheck in Bitcoin and Ethereum, two proof-of-work (PoW) cryptocurrencies that rely on energy-intensive mining. The 61-year-old mayor also vowed to make New York, which is known for its hostile regulatory regime, the center of the cryptocurrency industry, giving Miami a run for its money. Bitcoiners slammed Adams for his “shameful” comment, arguing that one canot be pro-crypto while simultaneously opposing mining. Bitcoin mining is not a climate killer. Your organization and the Mayor are hurting New Yorkers. This is shameful. @seneca_lake @ericadamsfornyc https://t.co/OB5VRtJR4Y - नील जैकब्स (@NeilJacobs) फ़रवरी 9, 2022 As reported