Cryptocurrency News
New York’s push to ban crypto mining triggers response from community
2022.06.06 18:46
New York’s push to ban crypto mining triggers response from community
As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media.
In a Twitter (NYSE:TWTR) thread, Jake Chervinsky, the head of policy at Blockchain Association, explained that the move will not “reduce carbon emissions” at all. According to Chervinsky, a mining ban will only push miners away from New York to build in otheareas where the state has no influence over them.
