Ny bans bitcoin mining

ny bans bitcoin mining

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The partial ban comes as upstate New York has become attractive to companies that mine digital currencies, including Bitcoin. The region has an. New York Gov. Kathy Hochul signed legislation Nov. 22 banning new crypto mining operations in the state that are powered by fossil fuel. The legislation will impose a two-year moratorium on crypto-mining companies that are seeking new permits to retrofit some of the oldest and.
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Kathy Hochul signed a law Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. Each block has a unique identifier that encodes the information of the block including code for the previous information block from which the new information block was built creat- ing a chain of information exchange known as a block chain. Create an account.