New York becomes the first US state to restrict crypto-mining as Gov. Kathy Hochul signs a bill imposing a two-year moratorium on permits at fossil fuel plants
National cryptocurrency industry groups had lobbied Gov. Kathy Hochul to veto the environmental ban, fearful that other states could follow New York's lead.
New York Times
Related Coverage
- New York Gov. Kathy Hochul Signs Bill Limiting Cryptocurrency Mining Wall Street Journal · Jimmy Vielkind
- New York Signs Two-Year Crypto Mining Moratorium Into Law Decrypt · Andrew Asmakov
- New York Governor Hochul Signs Moratorium to Curb Crypto Mining Bloomberg · David Pan
- NY gov signs novel law that limits cryptomining, for now Associated Press
- Governor Hochul Signs Law Banning New Proof-of-Work Crypto Mining In New York ZyCrypto · Brenda Ngari
- New York governor signs PoW mining moratorium into law Cointelegraph · Prashant Jha
- New York Imposes 2-Year Moratorium on New Proof of Work Mining After Gov. Hochul Signs Bill Into Law CoinDesk · Greg Ahlstrand
- Crypto Industry Reacts To New York's 2-Year Crypto Mining Ban CoinGape · Varinder Singh
- New York becomes first state to restrict cryptocurrency mining The Hill · Zach Schonfeld
- New York State passes two-year moratorium on some crypto mining facilities Forkast · Dylan Butts
Discussion
-
@periannedc
Perianne
on x
To date, no other industry in NY has been sidelined for its energy usage. This is a dangerous precedent to set in determining who may or may not use power. https://www.nytimes.com/...
-
@pt
Parker
on x
First they came for the crypto miners, and I did not speak out—Because I buy index funds. Then they came for the guy who puts up 100k Christmas lights every year, and I did not speak out—Because I was Jewish. Then they came for the laser light shows, and I did not speak out... ht…
-
@nytimes
@nytimes
on x
New York became the first state to enact a temporary ban on new cryptocurrency mining permits at fossil fuel plants, a move aimed at addressing the environmental concerns over the energy-intensive activity. https://www.nytimes.com/...
-
@danielsgoldman
Daniel Goldman
on x
Thank you @GovKathyHochul for continuing to lead the way in reducing carbon emissions in the state. These mines are devastating for the environment and the state's moratorium is essential to reducing our emissions. https://twitter.com/...
-
@bradlander
Brad Lander
on x
Thanks @GovKathyHochul for signing this bill (and @annakelles for being the champion to get it here). Rebooting dirty fossil fuel plants for crypto-mining is not consistent with the renewable future New York State needs. Grateful we have some time to chart a cleaner way forward. …
-
@andrewgiambrone
Andrew Giambrone
on x
“New York became the first state to enact a temporary ban on new cryptocurrency mining permits at fossil fuel plants, a move aimed at addressing the environmental concerns over the energy-intensive activity.” https://www.nytimes.com/...
-
@sethmpk
Seth Pollack
on x
Credit to @GovKathyHochul for doing the right thing for the climate and making New York a model. https://twitter.com/...
-
@sunjeevbery
Sunjeev Bery
on x
New York passed “a two-year moratorium on crypto-mining companies that are seeking new permits to retrofit some of the oldest and dirtiest fossil fuel plants in the state into digital mining operations.” https://www.nytimes.com/...
-
@luisferre
Luis Ferré-Sadurní
on x
NEW: Gov. Hochul signed legislation imposing a two-year moratorium on permits for certain types of crypto-mining, a move meant to address environmental concerns. New York is first state to do such a ban. W/ @gr_ashford: https://www.nytimes.com/...