New York State May Ban Mining For Three Years

Cryptocurrency mining will be banned in New York state for three years if Senate Bill 6486, introduced by Senator Kevin Parker, is passed. This senator is well known for a number of other initiatives and bills aimed at combating climate change. And mining is directly related to this: according to analysts, carbon dioxide emissions around the world, caused by the activities of cryptocurrency miners, amount to more than 53 megatons per year. This is roughly the same as Sweden’s annual emissions.

New York State May Ban Mining For Three Years

As a result of consideration of the bill, officials will try to measure local greenhouse gas emissions caused by mining, and will bring the results to the public. This will be followed by a four-month round of discussion on the environmental impact of these emissions. After the debate, a number of measures will be taken, one of which is a ban on the mining of cryptocurrencies in the state for a period of three years.

Mining is most popular in Dresden (a village in Yeats County) and Massena (a city in St. Lawrence County), where cryptocurrency miners have turned dilapidated power plants into large mining farms.

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