why new york state experiencing bitcoin

Last Updated on January 7, 2023 by Paganoto

Why New York State Is Experiencing a Bitcoin Boom

Cryptocurrency miners are flocking to New York’s faded industrial towns, prompting concern over the environmental impact of huge computer farms.

Bitcoin miners flocked to upstate New York for cheap energy …

In a CNBC interview, the former mayor of Plattsburgh, New York, pushed back on claims that bitcoin mining leads to significant job creation.

New York lawmakers pass first-in-nation cryptocurrency …

Upstate New York has become an attractive destination for companies that “mine” digital currencies including Bitcoin.

Upstate New York becomes hotbed for cryptocurrency mining …

While more cryptocurrency mining in the U.S. is likely located in Texas … New York is a leading state in the Northeast for Bitcoin mining.

New York State Senate Passes Bitcoin Mining Moratorium

The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years.

How Bitcoin mining devastated this New York town

“Almost overnight,” says Colin Read, a professor of economics and finance at the State University of New York at Plattsburgh, “a crypto-mining …

What's in the New York State Crypto Mining Moratorium Bill

The state of New York is considering a law that would ban cryptocurrency mining in the state if not powered by a renewable energy source. The …

Pros, cons of cryptocurrency mining in upstate New York

Upstate New York is attractive to cryptocurrency miners for a variety of reasons, including abundant clean air and water, relatively cool …

A Moratorium on Crypto Mining in New York Could … – Time

The Greenidge Generation bitcoin mining facility, in a former coal plant by Seneca Lake in Dresden, N.Y, on Nov. 29, 2021.

NYC comptroller calls for cryptocurrency mining moratorium

New York City Comptroller Brad Lander is backing a two-year moratorium on proof-of-work cryptocurrency mining in the state, pointing to the …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.