New York lawmakers pass a moratorium on Bitcoin mining (opens in new tab)

(theverge.com)

10 pointsbrightstep3y ago4 comments

4 comments

All the details on the moratorium are in the last paragraph. It's a pause on new fossil fuel-based power plants getting permits to mine proof-of-work cryptocurrencies including Bitcoin and Ethereum. Existing ones are grandfathered in, and renewable energy projects are still allowed.

i_am_jl3y ago

Every day The Verge disappoints me...

qiskit3y ago

Just TheVerge? Every grifting publication has proven themselves to be incompetent, agenda driven and toxic. I still can't believe theverge exists after their "how to build a pc" fiasco. But that's the world of journalism/publishing. All privilege and no accountability.

ea550ff70a3y ago

Quasi clickbaity. The moratorium is only for fossil fuel dependent operations, which I as a Bitcoiner fully support. Any POW operations at scale (like the ones they are targeting) should be exclusively running on 100% renewables.

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