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Tuesday

22 June 2021

Bitcoin Miners Win Reprieve as New York Lets Anti-Mining Bill Die - Decrypt

Bitcoin Miners Win Reprieve as New York Lets Anti-Mining Bill Die - Decrypt


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Bitcoin Miners Win Reprieve as New York Lets Anti-Mining Bill Die.

The New York Senate this week hadpassed a billto temporarily stop giving permits to Bitcoin mining facilities using carbon-based fuels; existing Bitcoin mining firms in the state would have been frozen at existing levels of electricity consumption.

The authors of Senate Bill S6486B were nonetheless concerned about the precedent being set in the state, as Greenidge and other Bitcoin mining firms had taken up residence in closed fossil fuel power plants.

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