Democrat Jumaane Williams, who ran for governor of New York in December, bitcoin harsh criticism of mining.
bitcoin used in mining Proof of Work Stating that the environmental effects of the (POW) method are worrisome, Williams said that precautions should be taken by citing China as an example.
Speaking at an organization of environmentalists, the candidate also shared on his social media account.
Using the ‘proof of work’ process bitcoin mines have the potential to wreak havoc on the environment and the local economy.
That’s why I joined the “SenecaLake” advocates today to declare such a moratorium and invite New York governor Kathy Hochul to take office.
20% of the mines in America operate in the state of New York without any oversight or regulation.
Many countries, including China, have completely banned this type of mining. There are other methods of mining cryptocurrencies that are less harmful to communities.
We need to ask questions now rather than dealing with problems later, by creating the right infrastructure to protect New York state from harmful economic and environmental impacts.”