New York State Assembly passes ban on new BTC mines that don’t use green power

The bill will carried with support to the Senate for passing before a final sign-off into law by Governor Hochul.

The New York State Assembly passed a bill late on Tuesday April 26,

That would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations.

The bill that sponsored by Anna Kelles will not only impose a two-year hold on approval of any new Bitcoin mines,

The proposed moratorium will also prevent the renewal of permits issued to existing PoW cryptocurrency miners

Which using carbon sourced energy if they seek to increase the amount of electricity consumed.

The bill gathered the support it needed to pass

There are 95 in favor, 52 against and will now carried by Senator Kevin Parker

It is in order to a vote in the Senate.

If its success, then it will be deliver to Governor Kathy Hochul

A person who can veto the bill or sign it into law.

The Department of Environmental Conservation (DEC) will responsible for the bill,

They need to preparing a generic environmental impact statement to number, locate and asses the energy consumption

And also greenhouse gas emissions of PoW miners and their impact on the public health.

Cryptocurrency industry advocacy group, the Blockchain Association had previously called on “pro-tech, pro-innovation, pro-crypto” residents of New York

It is to mount an opposition to the bill, which they claim resulted in thousands of messages to legislators.

The association said that, around three hours of debate took place over the bill,

Demonstrating what they believe is a “greater opposition to the mining ban than proponents believed.”

The team said it will direct its energy to the New York Senate to defeat what it calls the “anti-technology bill”.