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DOMAINS TOKEN-G

Ronald Maguire

06 June 2022 318 Read Crypto , Bitcoin , Blockchain

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Carbon Based Crypto Mining Banned in New York

New York Senators have passed a bill banning the use of carbon-based energy sources for cryptocurrency mining. The bill was passed when some undecided senators also voted in favor in Albany.

Two Year Ban on PoW Mining

The bill, which passed the state legislature in April, was approved two months later. The next stop on the bill will be Governor Kathy Hochul. Hochul has the right to enact or veto the bill. If Hochul signs the bill, New York will become the first US state to ban blockchain infrastructure technology.

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