{"id":7078,"date":"2022-06-03T15:12:45","date_gmt":"2022-06-03T15:12:45","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/06\/03\/new-york-lawmakers-pass-a-moratorium-on-bitcoin-mining\/"},"modified":"2022-06-03T15:12:47","modified_gmt":"2022-06-03T15:12:47","slug":"new-york-lawmakers-pass-a-moratorium-on-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/06\/03\/new-york-lawmakers-pass-a-moratorium-on-bitcoin-mining\/","title":{"rendered":"New York lawmakers pass a moratorium on Bitcoin mining"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/6\/3\/23151622\/new-york-bitcoin-mining-moratorium-bill-state-senate<\/a>
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The Bitcoin mining boom in New York state hit a roadblock as the state Senate passed a bill that will halt new permits for certain fossil fuel power plants to be used in Bitcoin mining. The measure, which also initiates a study on the environmental impact mining facilities are having in the state, passed in the state Assembly earlier this year. <\/p>\n

Promising new jobs, the crypto industry had split Senate Democrats<\/a> on whether the moratorium would come with greater environmental or economic costs. Talks languished until late in the evening as the state Senate neared its legislative deadline. <\/p>\n

The bill will face another test as it heads to Governor Kathy Hochul to sign or veto. Hochul received a $40,000 donation last month from a chief executive of a company that runs a former aluminum plant turned cryptomining facility, The New York Times<\/em> recently reported<\/a>. <\/p>\n

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