The state of New York recently passed a bill banning crypto mining statewide for 2 years. Fred Thiel, CEO of New York crypto mining company Marathon Digital Holdings Inc., considers the bill political.
In an interview with Thiel:
If New Yorkers are concerned about the energy consumption and carbon emissions of mining, why don’t they go after the oil industry? Going against this sector, which is not as big and powerful as the oil industry, gives rise to doubts about sincerity.
Said.
On the basis of the bill, limiting the resources that produce energy by consuming fossil fuels target, but no concrete steps have been taken yet, apart from the prohibition of mining.
Thiel is an expert on crypto mining. believes there is confusionenergy of miners did not producebasically energy companies He stated that he was a regular customer.
If this decision comes into force, energy companies profitability will drop and unemployment will rise Thinking CEO, if the Act is passed, businesses in New York being invited by Texas told.
Fred Thiel said that the decision was political. An anti-crypto New YorkHe stated that he believed it was the first step of going to . This trend is primarily mining activities with certain states will limit expressed.
Thiel, finally, more in the future liberal states also anti crypto He warned that they could take a position.