news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

New York State Slings Another Arrow At Bitcoin Mining

July 10, 2022
Reading Time: 3 mins read
0
New York State Slings Another Arrow At Bitcoin Mining
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point – Cointelegraph

June 6, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC sues Coinbase for allegedly acting as an unregistered crypto broker – CNN

June 6, 2023

While current operations will not be ceased, New York continues to show an adversarial stance to bitcoin mining as a whole.

This is an opinion editorial by Rick Mulvey, author of The Fraud Within and contributor to Bitcoin Magazine.

New York State’s Department of Environmental Conservation dealt another blow to the upstate Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin.

Greenidge stated that the decision, announced on Thursday, to deny them a new “Title V” Air Emissions permit will “not have any impact on our current operations.”

The firm, located in New York’s Finger Lakes region, said it will continue to operate its natural gas-fired plant as it appeals DEC’s decision. In a statement, the company said “We can continue running uninterrupted under our existing Title V air permit, which is still in effect, for as long as it takes to successfully challenge this arbitrary and capricious decision.” The company stated its intention to pursue legal actions if their appeal is not successful.

Source: Wikipedia.org photo

Climate Activists Urge Governor Hochul To Take The Next Step

Referring to the recent legislative bill to put a two-year moratorium on cryptocurrency mining, Yvonne Taylor of the Seneca Lake Guardian organization said, “Governor (Kathy) Hochul must finish the job by signing the crypto moratorium.”

The moratorium bill passed both the Senate and the Assembly, and now awaits Hochul’s signature. Hochul recently said, however, that she doesn’t anticipate looking at the bill until late this year.

Activists continue to push for the moratorium, as they contend that other mining operations are looking to set up shop in New York state. Other gas-fired power plants are being eyed by cryptocurrency mining operations, according to Sen. Kevin Parker (D), one of the cosponsors of the moratorium bill.

Assembly Cryptocurrency Supporters Launch Compromise Bill

In a recent development, the New York State Assembly has passed a bill to direct the New York State Department of Financial Services to establish a task force to study cryptocurrency mining, without imposing a moratorium. Introduced by Clyde Vanel (D), measure A09275 would propose studying various aspects of cryptocurrency, including consumer and investor protections. The bill passed the Assembly by a vote of 122-25 on March 28.

The New York State Senate also passed the bill, on June 2, overwhelmingly, by a vote of 61-2.

That bill now also goes to Governor Hochul for signature.

Cryptocurrency Proponents Continue To Tout Benefits Of Mining

Construction and trade unions, especially the electrical workers union, have been big proponents of the cryptocurrency mining industry. Establishing mining operations using previously-shuttered power plants could create thousands of good paying jobs in upstate New York, they claim. The area is part of the vast Northeast “Rust Belt,” which has been bleeding manufacturing jobs for decades.

And of course, when making their case to state government officials, proponents are quick to point out that these operations may very well generate significant tax revenue for the state.

New York State in many ways has long been considered the financial capital of the United States, and cryptocurrency advocates want to ensure that the state does all it can to foster a climate that is business-friendly and a home to innovative technologies.

This is a guest post by Rick Mulvey. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point – Cointelegraph

by admin
June 6, 2023
0

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC sues Coinbase for allegedly acting as an unregistered crypto broker – CNN

by admin
June 6, 2023
0

SEC sues Coinbase for allegedly acting as an unregistered crypto broker  CNN

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

6 Ways Artificial Intelligence (AI) Will Change Our Lives by 2030: ChatGPT Predicts – CryptoPotato

by admin
June 6, 2023
0

6 Ways Artificial Intelligence (AI) Will Change Our Lives by 2030: ChatGPT Predicts  CryptoPotato

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

US charges crypto giant Binance with 'web of deception' – BBC

by admin
June 5, 2023
0

US charges crypto giant Binance with 'web of deception'  BBC

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bitcoin little-changed around US$27,000, Ether treads water; Solana, XRP gain – Forkast News

by admin
June 5, 2023
0

Bitcoin little-changed around US$27,000, Ether treads water; Solana, XRP gain  Forkast News

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023
Canada wildfire smoke threatens health of millions

Canada wildfire smoke threatens health of millions

June 7, 2023
Tunisian black women: ‘My skin colour says I don’t belong’

Tunisian black women: ‘My skin colour says I don’t belong’

June 7, 2023

Latest News

Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global