New York may ban the operation of non-environmentally friendly mining enterprises – Bits Media

New York State Legislators Introduce Bill, aimed at introducing a three-year moratorium on cryptocurrency mining for companies before they pass an environmental review.

Bill, Mounted by Kevin Parker Senator (Kevin Parker), cancels the moratorium only for mining enterprises, which will “not affect negative” to the indicators of reduction of carbon emissions in New York. The bill is at the initial stage and this week was submitted to the Committee of the Senate of the state of New York on the environment.

In case of adoption, the bill will grant state inspectors the right to assess the influence of mining companies on the quality of water, air, Carbon emissions and wildlife. Miners will be allowed to return to work only after, How will they go through an environmental audit. Company, interfering with New York plans to reduce carbon emissions, will not be able to work in the state.

The bill was proposed at that time, How state power plants began to actively deploy BTC mining operations. for instance, In the Finger-Lax area in the northern part of New York, a long-visible coal power station is now burning 19 MW of natural gas to provide electricity to its mining devices.

This enterprise turned out to be so profitable, that the operator of the site Greenidge Generation plans to increase the capacity to 500 MVT K. 2025 year. Last year, the Greenidge Generation power plant, Using its own power for BTC production, sold to 30% Hashrate institutional customers.

However, environmental defenders claim, that mining enterprises like Greenidge confront the goals of New York to refuse coal generation of electricity. State seeks to reduce greenhouse gas emissions on 70% to 2030 year. These efforts limit the burning of more natural gas.