Mining cryptocurrencies is largely prohibited in New York: environmentalists now call for more. The IMPT project
Join Our Telegram channel to stay up to date on breaking news coverage An unprecedented partial ban on cryptocurrency mining in New York is having an impact on the developing sector and giving environmentalists more confidence to campaign for similar regulations throughout the country. Environmentalists say the governor’s decision to sign a two-year embargo on new fossil fuel-powered cryptocurrency mining projects in November may serve as a precedent for other governments because it has already been reported that some cryptocurrency companies have decided not to invest in the state. Sen. Ed Markey (D-Mass.) introduced a bill last month to require the Environmental Protection Agency to evaluate the effects of the industry and require reporting of emissions from mining operations using more than 5 megawatts of electricity. The Sierra Club and other environmental organizations are pushing for legislation to study the energy and environmental impacts of cryptocurrency mining ...