2 years ago
The Environmental Conservation Committee of the New York State Assembly voted connected Tuesday day to move on a projected law that would prohibition alleged proof-of-work (PoW) mining for 2 years.
The measure was enactment unneurotic nether the auspices of the state's Climate Leadership and Community Protection Act, which mandates that New York State greenhouse state emissions beryllium chopped by 85% by 2050, with nett emissions being slashed to zero.
It would efficaciously prohibition PoW mining – the energy-intensive process utilized to unafraid the Bitcoin (BTC) web – for a play of 2 years.
The authorities inactive requires transition by the full New York State Assembly and the State Senate, and past would request to beryllium signed by the governor, successful bid to go law.
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Stephen Alpher is CoinDesk's co-regional quality chief, Americas. He holds BTC and ETH supra CoinDesk’s disclosure threshold of $1,000.
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