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New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

Post author:MiamiCrypto
Post published:November 23, 2022
Post category:Ban bill Bitcoin Bitcoin Mining Carbon carbon targets Crypto crypto miners Crypto mining Cryptocurrencies Cryptocurrency Electricity Energy environment goals fossil fuels Governor law Miners Mining moratorium New York power restrictions signing U.S.United States US

A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be…

China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims

Post author:MiamiCrypto
Post published:February 26, 2022
Post category:Bitcoin Carbon Carbon Footprint China Crypto crypto miners Crypto mining Cryptocurrencies Cryptocurrency Electricity emissions Energy EU Europe fossil fuels Kazakhstan Migration Miners Mining natural gas power relocation renewable renewables Research study Sweden U.S.

Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are…