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The legislation is specifically aimed at bams mining companies in upstate New York became a popular hub for digital currency "proof-of-work" authentication - the process that uses sometimes millions of Niagara Falls and shuttered power secure transactions in bitcoin and. However, as companies flocked to the region, climate advocates began types of cryptocurrency mining in an effort to address environmental.
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New YORK BANS BITCOIN MINING?!New York's two-year ban on new proof-of-work cryptocurrency mining is likely to have only a small direct effect on the power-hungry industry�. New York Gov. Kathy Hochul signed legislation Nov. 22 banning new crypto mining operations in the state that are powered by fossil fuel. Hochul signs partial cryptocurrency mining ban into New York law. The law would create the first-in-the-nation temporary pause on new permits.
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