New York imposes 2 12 months moratorium on Bitcoin mining
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“The legislation will impose a two-year moratorium on crypto-mining companies that are seeking new permits to retrofit some of the oldest and dirtiest fossil fuel plants in the state into digital mining operations.”
>two-year moratorium on certain bitcoin mining operations that use carbon-based power sources.
I’m fine with this. Instead of retrofitting old coal plants, let’s retrofit all the old water mills upstate. Or use wind, or solar.
What is a moratorium?
*with fossil fuel plants
New York planning on being a couple years behind the party
You want to save power? Put a moratorium on Christmas lights.
Not too bad news.