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News — electricity

New York Lawmaker Proposes 2-Year Moratorium on Power Plants to Halt Cryptocurrency Mining Growth

bitcoin bitcoin miners cryptocurrency electricity

New York Lawmaker Proposes 2-Year Moratorium on Power Plants to Halt Cryptocurrency Mining Growth

After lawmaker Anna Kelles tabled a suggestion to “place a two-year moratorium on reactivating fossil-fuel power plants for off-the-grid cryptocurrency mining,” he stated to The Wall Street Journal, New York has grow to be a battleground for cryptocurrency mining. Companies withinside the massive apple are renewing current gas energy flora to require gain of the arbitrage among the value} of electricity and additionally the charge of Bitcoin (BTC) because the current bull market. Some have for the reason that been reborn from coal-fired to herbal gas, that energy turbines wont to mine Bitcoin. Greenridge Generation did simply that and is...

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