The bill targets fossil fuel power plants.
. New York, with abundant hydroelectricity and retired fossil fuel plants that can be restarted back up to mine Bitcoin, quickly became a new hub for Bitcoin mining.
That fossil-fuel resurgence has sparked backlash from some residents and environmental advocates. They’re worried that revived fossil fuel plants, with Bitcoin’s help, will damage ecosystems and derail the state’s efforts to tackle climate change. The bill that moved forward today establishes a two-year moratorium on any new permits for cryptocurrency mining operations that use a particularly energy-hungry approach to verify transactions on the blockchain. The approach, called proof-of-work, underpins the two biggest cryptocurrencies — Bitcoin and Ethereum.
With proof-of-work, “miners” use special hardware to solve complex puzzles, and in return, they earn crypto tokens. The process uses up a lot of energy. If the Bitcoin network was its own nation, it would rank
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New York AG Issues Warning About Cryptocurrencies as Bitcoin Struggles to RecoverNew York Attorney General Letitia James has warned about some risks associated with cryptocurrency investing
Weiterlesen »
Judge denies Sarah Palin's bid for new libel trial against New York TimesA judge has denied Sarah Palin's bid for a new trial in her defamation case against the New York Times, according to a written decision filed Tuesday in the US District Court for the Southern District of New York
Weiterlesen »
Palin tries and fails to secure new libel trial against New York TimesA judge dealt another blow to the Alaska Republican's attempt to punish the Times for an editorial she claims defamed her.
Weiterlesen »
Bitcoin Miner Riot Blockchain Names Its Head of Corporate Operations as New CFOBitcoin miner RiotBlockchain names a new CFO, an internal hire; the current CFO will serve as a senior adviser to the firm with both moves coming in mid-August. Reports Aoyon_A
Weiterlesen »
Bitcoin Dips Below $30K, Solana Slumps 12% Amid New Power Outages (Market Watch)Bitcoin and most altcoins have lost substantial chunks of value. Solana, though, has dumped the most after the network went down for hours yet again yesterday.
Weiterlesen »