Bitcoin

Out of context: Reply #2471

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    New York Clamps Down On Bitcoin Mining In Newly Passed Bill

    Lawmakers in New York passed a bill that bans some types of cryptocurrency mining that rely on carbon-based fuel during an early morning session of the state’s senate on Friday, a move that seeks to address the growing concerns about the environmental impact of energy-intensive blockchain operations including bitcoin mining.

    The legislation targets a specific form of crypto mining that uses the highly energy-intensive “proof-of-work” authentication method—this includes several popular digital currencies including bitcoin.

    https://www.forbes.com/sites/sil…

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