Representation of Bitcoin cryptocurrency is seen in this multiple exposure illustration photo taken in Krakow, Poland on June 1, 2022. | Photo by Jakub Porzycki/NurPhoto via Getty Images
The Bitcoin mining boom in New York state hit a roadblock as the State Senate passed a bill that will halt new permits for certain fossil fuel power plants to be used in Bitcoin mining. The measure, which also initiates a study on the environmental impact mining facilities are having in the state, passed in the State Assembly earlier this year.
Promising new jobs, the crypto industry had split Senate Democrats on whether the moratorium would come with greater environmental or economic costs. Talks languished until late in the evening as the State Senate neared its legislative deadline.
The bill will face another test as it heads to Governor Kathy Hochul to sign or veto. Hochul received a $40,000 donation last month from a chief...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.