The New China: Is New York Actually Going To Ban Proof-Of-Work Mining? | Bitcoinist.com

Or at least making it very hard for mining facilities and home miners to operate from the state.

The New York State Assembly will soon vote on a bill that will “create a moratorium on proof-of-work mining operations unless 100% of their energy comes from renewable sources.” That’s according to the Bitcoin Advocacy Project, one of the organizations working to save New York from itself.

To make matters worse, Major Eric Adams ran on a pro-bitcoin platform and made a huge deal about receiving his first three paychecks in BTC.

“It’s incredible, but, Proof-Of-Work mining critics don’t understand this fact.

The only explanation is that the Major of New York hasn’t made any effort to understand the industry he’s trying to regulate and attract.

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