{"id":458424,"date":"2022-06-06T15:55:43","date_gmt":"2022-06-06T12:55:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-yorks-push-to-ban-crypto-mining-triggers-response-from-community\/"},"modified":"2022-06-06T15:55:43","modified_gmt":"2022-06-06T12:55:43","slug":"new-yorks-push-to-ban-crypto-mining-triggers-response-from-community","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-yorks-push-to-ban-crypto-mining-triggers-response-from-community\/","title":{"rendered":"# New York&#8217;s push to ban crypto mining triggers response from community"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2f43dd0ef2c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2f43dd0ef2c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/new-yorks-push-to-ban-crypto-mining-triggers-response-from-community\/#%E2%80%9D_New_Yorks_push_to_ban_crypto_mining_triggers_response_from_community_%E2%80%9C\" >&#8221; New York&#8217;s push to ban crypto mining triggers response from community &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_New_Yorks_push_to_ban_crypto_mining_triggers_response_from_community_%E2%80%9C\"><\/span>&#8221; New York&#8217;s push to ban crypto mining triggers response from community &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYjdjYzRmODItNTEwNC00MzAyLTk1ZmUtOGQ1Y2YxNDQ4ZGUxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved, members of the crypto community express their disagreement through <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a>.\u00a0<\/p>\n<p>In a Twitter thread, Jake Chervinsky, the head of policy at Blockchain Association, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jchervinsky\/status\/1533493490562236416\">explained<\/a> that the move will not \u201creduce carbon emissions\u201d at all. According to Chervinsky, a mining ban will only push miners away from New York to building in other areas where the state has no influence over them. <\/p>\n<p>Chervinsky hopes that New York Governor Kathy Hochul will veto the bill \u201cfor the sake of New York.&#8221; The lawyer noted that the move\u00a0sends a message that &#8220;crypto is not welcome&#8221; in the state. If the bill gets implemented,\u00a0Chervinsky mentioned that it will be a policy error from the world&#8217;s financial capital. <\/p>\n<p>Apart from Chervinsky, United States senatorial candidate Bruce Fenton also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/brucefenton\/status\/1533100060979912707\">opposed<\/a> the move. In a tweet, he said that governments do not have the right to control which software people should run. He noted that \u201ccode is speech,\u201d implying that the ban is a move against freedom of speech. <\/p>\n<p>Ethereum founder Vitalik Buterin also agreed with Fenton. Sharing his thoughts on the issue, Buterin said that the government should not choose which applications are &#8220;okay&#8221; uses of electricity. He suggested the implementation of carbon pricing and using the earnings to compensate users with low income.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ultimately I agree with this (that is, I oppose banning PoW). The government picking and choosing which specific applications are an okay use of electricity or not is a bad idea. Better to just implement carbon pricing, and use some of the revenues to compensate low-income users. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/NnBzmv5mYz\">https:\/\/t.co\/NnBzmv5mYz<\/a><\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1533104260916752384?ref_src=twsrc%5Etfw\">June 4, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nOn June 3, the bill to ban PoW mining was approved by the New York State Senate. If approved by the governor, the bill will ban mining in the state and would hinder the renewal of previously-approved mining permits. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Eager to work: Bitcoin switch to proof-of-stake remains unlikely<\/em><\/strong><\/p>\n<p>Amid the push to ban mining, the New York Attorney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Letitia James warned New Yorkers against investing in crypto. In an investor alert, James highlighted that many are &#8220;losing billions&#8221; in cryptocurrencies, highlighting that even prominent projects could crash. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-york-s-push-to-ban-crypto-mining-triggers-response-from-community\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; New York&#8217;s push to ban crypto mining triggers response from community &#8220; 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.\u00a0 In a Twitter thread, Jake Chervinsky, the head of policy at Blockchain Association,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":458425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYjdjYzRmODItNTEwNC00MzAyLTk1ZmUtOGQ1Y2YxNDQ4ZGUxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74894,75042,75995,3885,70934,10401],"class_list":["post-458424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-blockchain","tag-mining","tag-vitalik-buterin","tag-new-york","tag-regulation","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/458424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=458424"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/458424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/458425"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=458424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=458424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=458424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}