Ecologists from the New York Assembly voted for the ban on the cryptocurrency mining on the POW algorithm – Bits Media

Environmental Protection Committee in New York approved a bill on the ban on cryptocurrency mining at the Proof-OF-WORK algorithm (PoW), Including bitcoin, For two years.

The bill was drawn up under the auspices of the state law on climatic leadership and protection society, which requires, To K. 2050 year, greenhouse gas emissions in New York were reduced to 85%. If the bill is adopted by the assembly of the state of New York, State Senate and signed by Governor Kathlin (Kathleen Hochul), then mining companies, mining bitcoin and other cryptocurrencies on the Pow algorithm, will not be able to engage in the state mining.

Interesting, that the vote took place about a week before the deadline, when the state must decide on that, Would Greenidge Generation Holdings InC., located in the northern part of New York and providing electricity mining cryptocurrencies.

Recall, What in October 2021 A number of organizations have made a letter to the Governor of the state of New York Katlin. They demanded, so that the city administration introduces a moratorium on mining cryptocurrencies, Using the Pow algorithm, until, Until a conclusion on the impact of cryptocurrencies on the ecology has not been received, The quality of water and air in the state.

In particular, The requirement to withdraw permits for power plants Greenidge and Fortistar North Tonawanda for cryptocurrency mining. In February 2022 years candidate for the state of the state of New York Juman Williams (Juumae Williams) called the local authorities to introduce a moratorium on cryptocurrency mining, Pow, Due to their negative impact on the ecology.

In March, the bill on the suspension of mining bitcoin in New York for three years received additional support of legislators submitted by the agency for protecting the environment.. TO 43 The authors of the bill were joined by two more senators from the state of New York-Amy Polin (Amy Paulin) I Ken Zebrovski (Ken Zebrowskiу). 

Before that, the legislators of the European Union studied the possibility of banning cryptocurrencies at the Pow algorithm. However, in early March, they excluded this clause from the text of the bill on the structure of the cryptocurrency market in the EU (MiCA).