Bitcoin banned in ny

bitcoin banned in ny

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I mined Bitcoin for 9 months. Was it worth it??
The legislation will impose a two-year moratorium on crypto-mining companies that are seeking new permits to retrofit some of the oldest and. The partial ban comes as upstate New York has become attractive to companies that mine digital currencies, including Bitcoin. The region has an. New York Governor Kathy Hochul signed legislation temporarily halting certain kinds of crypto mining. The state became a new hub for Bitcoin.
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  • bitcoin banned in ny
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New York's mining law, which passed the state assembly in late April and the state senate in June , calls for a two-year moratorium on certain cryptocurrency mining operations which use proof-of-work authentication methods to validate blockchain transactions. Most Popular. The currencies that rely on PoW are harmful to the environment when hooked up to coal, natural gas, and other power plants relying on burning carbon fuels.