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New York becomes first state to restrict cryptocurrency mining

38 points| Krontab | 3 years ago |thehill.com | reply

13 comments

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[+] rightbyte|3 years ago|reply
"permits for fossil fuel plants used for cryptocurrency mining that utilizes “proof-of-work authentication.”".

I don't get it. Are cryptominers running their own oil generators in NY?

Edit: https://apnews.com/article/bitcoin-mining-new-york-power-pla...

What the ...

[+] Arrath|3 years ago|reply
Vertical integration baby!
[+] yostrovs|3 years ago|reply
Purely guessing, but I can see a power plant that delivers base payload to mine on the side to make use of the energy not used by the grid. Coal plants usually produce more electricity than needed. Why not use it?
[+] StanislavPetrov|3 years ago|reply
Authoritarianism at its finest.
[+] feet|3 years ago|reply
Those darn authoritarians won't let me destroy the environment to mine a speculative token >:(
[+] londgine|3 years ago|reply
While they're at it they should also ban Christmas lights. That too wastes a similar amount of electricity for no "proper" gain.
[+] MisterSandman|3 years ago|reply
Source? I highly doubt Christmas lights for 1 month use as much power as Bitcoin mining throught a year.
[+] l3uwin|3 years ago|reply
When will the war on Christmas end!?!?!?