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City New York formally approved the ban on booty cryptocurrencies How bitcoins.
Gov. Kathy Hochul signed on to pass the first-of-its-kind legislation in the nation to prevent further pollution from these activities.
against mining
According to this ruling, only mining based on 100% renewable energy will be viable.
This provision in the sector will have a minimum period of application of 2 years. This measure will not affect the purchase bitcoins safe and without risk.
Proof of Work (PoW) mining has suffered the most. These cryptocurrenciesHow bitcoins and the old Ethereum needed computational computing to run, so the miners created large computer farms that consumed a lot of energy to run.
According to the magazine Natureglobal mining can similarly pollute entire countries such as Argentina.
According to DigieconomistMy a bitcoins uses the equivalent energy of an American home for 40 days.
votes against
The Digital Chamber of Commerce ruled against the decision, noting that “it would set a dangerous precedent for determining who can and cannot use energy.”
GEM Mining notes that this regulation “will scare away new miners who do not want to do business in a hostile environment.”
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.