'Smart' move to make it only 2 years ( probably was not intentional)..utility companies will be begging to utilize mining to stay competetive ( and probably, ironically, as a way to meet emission reduction mandates) so can just let the sun set on that.
Also smells similar to european threats of banning crypto mining when its such a small industry there. Easy to do that when there there is no legit business to lose ( probably especially true with all miners getting rekd right now).
Alternate link: https://archive.ph/9YnI6
Another article on this (but one without a paywall), from AP News:
NY gov signs novel law that limits cryptomining, for now
https://apnews.com/article/cryptocurrency-technology-legislature-kathy-hochul-climate-and-environment-444ea3b20e84e8f0ae7fb22fc8c24104
And an article from CNBC, which was shared in a separate post:
New York governor signs first-of-its-kind law cracking down on bitcoin mining
#97762
https://www.cnbc.com/2022/11/23/new-york-governor-signs-law-cracking-down-on-bitcoin-mining.html
Must. Escape.
Waited until she won the election and then boom, drops the hammer.
'Smart' move to make it only 2 years ( probably was not intentional)..utility companies will be begging to utilize mining to stay competetive ( and probably, ironically, as a way to meet emission reduction mandates) so can just let the sun set on that.
Also smells similar to european threats of banning crypto mining when its such a small industry there. Easy to do that when there there is no legit business to lose ( probably especially true with all miners getting rekd right now).
Finally! They needed more energy for the Christmas Lights
NYHFSP
Am sick and tired of the governments unlimited power to do stupid things
другим больше достанется... добро пожаловать в новый мир...
Actual bill: https://www.nysenate.gov/legislation/bills/2021/S6486