{"id":514926,"date":"2022-11-24T00:38:48","date_gmt":"2022-11-23T21:38:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-york-cracks-down-on-fossil-fuels-for-crypto-mining\/"},"modified":"2022-11-24T00:38:48","modified_gmt":"2022-11-23T21:38:48","slug":"new-york-cracks-down-on-fossil-fuels-for-crypto-mining","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-york-cracks-down-on-fossil-fuels-for-crypto-mining\/","title":{"rendered":"#New York Cracks Down on Fossil Fuels for Crypto Mining"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a3e2184cf33f\" 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-6a3e2184cf33f\" 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-york-cracks-down-on-fossil-fuels-for-crypto-mining\/#%E2%80%9CNew_York_Cracks_Down_on_Fossil_Fuels_for_Crypto_Mining%E2%80%9D\" >&#8220;New York Cracks Down on Fossil Fuels for Crypto Mining&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CNew_York_Cracks_Down_on_Fossil_Fuels_for_Crypto_Mining%E2%80%9D\"><\/span>&#8220;New York Cracks Down on Fossil Fuels for Crypto Mining&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div id=\"post-850682\">\n<div class=\"entry-content e-content\">\n<figure style=\"width: 1200px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"type:primaryImage size-full wp-image-850693\" data-pagespeed-no-defer=\"\" src=\"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/11\/Shutterstock_168607109-1.jpg?width=1198&amp;trim=1,1&amp;bg-color=000&amp;pad=1,1\" alt=\"Polluting power plant\" width=\"1200\" height=\"675\"\/><figcaption class=\"wp-caption-text\"><span class=\"type:primaryImage imagecredit\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shutterstock.com\/image-photo\/power-plant-emissions-seen-above-residential-168607109\">ldphotoro \/ ShutterStock<\/a><\/span><\/figcaption><\/figure>\n<p>Cryptocurrency mining often requires massive amounts of electricity, especially for proof-of-work chains like Bitcoin. That power sometimes comes from fossil fuels, which the state of New York wants to limit.<\/p>\n<p>New York Governor\u00a0Kathy Hochul signed a bill into law on Tuesday that aims to limit the use of environmentally-damaging fossil fuels for cryptocurrency mining. It sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive cryptocurrency mining. The law also instructs New York\u2019s Department of Environment Conservation to evaluate how cryptocurrency mining affects the state\u2019s climate goals.<\/p>\n<p>Governor\u00a0Hochul said in a statement, \u201cI will ensure that New York continues to be the center of financial innovation, while also taking important steps to prioritize the protection of our environment.\u201d<\/p>\n<p>Environmental impact is a common criticism of cryptocurrency, as many blockchains are built on proof-of-work, which uses significant amounts of energy to verify each transaction compared to regular banks and digital payments. Newer blockchains use a more efficient proof-of-stake model, but not Bitcoin and some other chains. The Ethereum blockchain migrated to proof-of-stake earlier this year.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2022\/02\/25\/climate\/bitcoin-china-energy-pollution.html\">extensive use<\/a> of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/tech\/tech-news\/bitcoin-miners-align-fossil-fuel-firms-alarming-environmentalists-n1280060\">fossil fuels<\/a> is one of the most significant problems with cryptocurrency. Many other industries rely heavily on fossil fuels, but at least you usually get something useful in the end, like a car or computer. Pumping toxic fumes into the air for Bitcoin mining just gets you money that isn\u2019t very good at being money.<\/p>\n<p><small>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/apnews.com\/article\/cryptocurrency-technology-legislature-kathy-hochul-climate-and-environment-444ea3b20e84e8f0ae7fb22fc8c24104\">Associated Press<\/a><\/small><\/p>\n<\/div>\n<p><!-- .entry-content --><br \/>\n<!-- .entry-footer --><\/div>\n<p><script>\n setTimeout(function(){\n  !function(f,b,e,v,n,t,s)\n  {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n  n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n  if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n  n.queue=[];t=b.createElement(e);t.async=!0;\n  t.src=v;s=b.getElementsByTagName(e)[0];\n  s.parentNode.insertBefore(t,s) } (window, document,'script',\n  'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n   fbq('init', '335401813750447');\n   fbq('track', 'PageView');\n  },3000);\n<\/script><\/p>\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><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.howtogeek.com\/850682\/new-york-cracks-down-on-fossil-fuels-for-crypto-mining\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;New York Cracks Down on Fossil Fuels for Crypto Mining&#8221; ldphotoro \/ ShutterStock Cryptocurrency mining often requires massive amounts of electricity, especially for proof-of-work chains like Bitcoin. That power sometimes comes from fossil fuels, which the state of New York wants to limit. New York Governor\u00a0Kathy Hochul signed a bill into law on Tuesday that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":514927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/11\/Shutterstock_168607109-1.jpg?height=200p&trim=2,2,2,2","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-514926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514926","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=514926"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/514927"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=514926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=514926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=514926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}