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Join the Securities Litigation and Enforcement Group on LinkedInNew York Senate Passes Two-Year Bitcoin Mining Moratorium – Decrypt
The bill calls for a two-year moratorium on fossil-fueled cryptocurrency mining operations that use proof-of-work (PoW), a particularly energy-hungry method to verify transactions on the blockchain. It also essentially caps the electrical consumption of existing mining operations at their current levels. The bill doesn’t stop any operations that run on renewable energy though, nor does […]