It's #laws like this that makes me shake my head in disbelief. #Bitcoin doesn't use #fossilfuels to #power #mining, the #EnergyCompanies do to produce that #energy. Our #leaders need to concentrate on #upgrading our #grid, so less energy is lost in transit. This would do wonders in itself.

https://www.politico.com/news/2022/11/22/cryptocurrency-mining-ban-new-york-00070613

#SoMee #news #idiocy #uninformedlaws #badpolicy #bethechange #NewYork #crypto
It's #laws like this that makes me shake my head in disbelief. #Bitcoin doesn't use #fossilfuels to #power #mining, the #EnergyCompanies do to produce that #energy. Our #leaders need to concentrate on #upgrading our #grid, so less energy is lost in transit. This would do wonders in itself. https://www.politico.com/news/2022/11/22/cryptocurrency-mining-ban-new-york-00070613 #SoMee #news #idiocy #uninformedlaws #badpolicy #bethechange #NewYork #crypto
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Hochul signs partial cryptocurrency mining ban into New York law
The law would create the first-in-the-nation temporary pause on new permits for fossil fuel power plants that house proof-of-work cryptocurrency mining.
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