With the popularity of cryptocurrencies cryptocurrency mining has also been the subject of discussion. The first step came from the USA against mining, which is claimed to contribute to the climate crisis, especially with the energy it consumes. The New York Senate has approved a bill that would block crypto mining operations.
Cryptocurrency mining ban from New York
An important ban came from the New York Legislature for cryptocurrency mining. According to the decision taken on Friday, fossil fuel users Bitcoin, Dogecoin and Ethereum Restrictions will be applied to the mining of digital currencies such as
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Proof-of-work Cryptocurrencies are produced by a mathematical process called mining. Proof-of-work cryptocurrencies such as Bitcoin, Dogecoin or Ethereum are earned as rewards when computers, especially video cards, break the encryption. However, the USA carbon-based fossil energy of mining wants to prevent it from being used.
Such mining bans, which the cryptocurrency industry strongly opposes, seek to thwart fossil fuel facilities. Bitcoin mining facilities on the other hand, expressed that they are “tired” of being a target regarding the climate crisis.
It should be noted that the new bill will not apply to all cryptocurrency mining operations. Prohibition, carbon neutral operations that have proven to be or have applied for these permits, and power grid exempts facilities. In other words, only fossil fuel-based mining will be prevented.
Not many details were given about the bill, but it’s reducing carbon footprint It was noted that it was part of the plan. In the statement in the bill, this decision to be implemented by New York is very important to “reduce the current and future effects of climate change”.
“The New York Senate has shown its side for New Yorkers and climate law with the passing of this important bill to address crypto mining in fossil fuel power plants,” said the New York spokesperson for the Earthjustice foundation.
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