[ad_1] <br><div data-test-id="content-container"><p><figure class="getty-figure" data-type="getty-image"> <picture> <img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w750" alt="Cryptocurrency mining rigs in a data center" data-id="1324841462" data-type="getty-image" width="6400px" height="4200px" srcset="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1324841462/image_1324841462.jpg?io=getty-c-w240 240w" sizes="(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px"/> </picture> <figcaption class="caption" data-type="getty-image"><p>luza studios</p></figcaption> </figure></p> <p>New York Governor Kathy Hochul has <a target="_blank" href="https://nyassembly.gov/leg/?default_fld=&leg_video=&bn=A07389&term=0&Summary=Y&Actions=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y&Memo=Y&Text=Y" rel="noopener">signed</a> a two-year moratorium on bitcoin (<a target="_blank" href="https://seekingalpha.com/symbol/BTC-USD" title="Bitcoin USD" rel="noopener">BTC-USD</a>) mining operations which might be powered by carbon sources, in any other case generally known as Proof-of-Work crypto mining.</p> <p>The laws makes New York the primary state to partially ban<span class="paywall-full-content"> PoW mining, a course of that enables crypto miners to earn digital rewards by fixing advanced mathematical equations to authenticate transactions whereas utilizing a hefty quantity of computing energy. </span></p> <p class="paywall-full-content">The New York State Senate handed a <a target="_blank" href="https://seekingalpha.com/news/3845355-new-york-could-be-first-state-to-pass-crypto-mining-ban" rel="noopener">PoW-targeted bill</a> in June in an effort to handle issues in regards to the excessive vitality utilization in bitcoin (<a target="_blank" href="https://seekingalpha.com/symbol/BTC-USD" title="Bitcoin USD" rel="noopener">BTC-USD</a>) mining and thus its unfavorable environmental impacts.</p> <p class="paywall-full-content">Sustainable crypto miners (consider people who use Proof-of-Stake consensus mechanisms) seemingly cheered the eco-friendly laws since extra market share might open up for them. However, PoW miners have lobbied fiercely towards the invoice because it was handed by the State Meeting in Might. </p> <p class="paywall-full-content">“I'll be sure that New York continues to be the middle of monetary innovation, whereas additionally taking necessary steps to prioritize the safety of our surroundings,” Hochul <a target="_blank" href="https://www.wsj.com/articles/new-york-gov-kathy-hochul-signs-bill-limiting-cryptocurrency-mining-11669169484?mod=hp_listb_pos3" rel="noopener">said</a>, as quoted by The <em>Wall Road Journal</em>. </p> <p class="paywall-full-content">Bitcoin (<a target="_blank" href="https://seekingalpha.com/symbol/BTC-USD" title="Bitcoin USD" rel="noopener">BTC-USD</a>) miners, particularly Core Scientific (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/CORZ" title="Core Scientific, Inc." rel="noopener">CORZ</a></span>), Argo Blockchain (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/ARBK" title="Argo Blockchain plc" rel="noopener">ARBK</a></span>) (<a target="_blank" href="https://seekingalpha.com/symbol/ARBKF" title="Argo Blockchain plc" rel="noopener">OTCQX:ARBKF</a>) and Iris Power (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/IREN" title="Iris Energy Limited" rel="noopener">IREN</a></span>), have been coping with a troublesome mining setting as depressed BTC costs harm income and an increase in vitality costs enhance prices, thus squeezing profitability. </p> <p class="paywall-full-content">Miners: Riot Blockchain (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/RIOT" title="Riot Blockchain, Inc." rel="noopener">RIOT</a></span>), Marathon Digital (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/MARA" title="Marathon Digital Holdings, Inc." rel="noopener">MARA</a></span>), HIVE Blockchain Applied sciences (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/HIVE" title="HIVE Blockchain Technologies Ltd." rel="noopener">HIVE</a></span>), BIT Mining (<span class="ticker-hover-wrapper">NYSE:<a target="_blank" href="https://seekingalpha.com/symbol/BTCM" title="BIT Mining Limited" rel="noopener">BTCM</a></span>), Hut 8 Mining (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/HUT" title="Hut 8 Mining Corp." rel="noopener">HUT</a></span>), Bitfarms (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/BITF" title="Bitfarms Ltd." rel="noopener">BITF</a></span>), Bit Digital (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/BTBT" title="Bit Digital, Inc." rel="noopener">BTBT</a></span>), CleanSpark (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/CLSK" title="CleanSpark, Inc." rel="noopener">CLSK</a></span>), Greenidge Technology (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/GREE" title="Greenidge Generation Holdings Inc." rel="noopener">GREE</a></span>) and Soluna Holdings (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/SLNH" title="Soluna Holdings, Inc." rel="noopener">SLNH</a></span>). </p> <p class="paywall-full-content">In July, Sen. Elizabeth Warren needed crypto miners to reveal <a target="_blank" href="https://seekingalpha.com/news/3857231-sen-elizabeth-warren-wants-crypto-miners-to-disclose-energy-use-emissions" rel="noopener">energy use, emissions</a>. </p> <p class="paywall-full-content"><strong>Pricey readers</strong>: We acknowledge that politics typically intersects with the monetary information of the day, so we invite you to <a target="_blank" href="https://seekingalpha.com/article/4554731-politics-and-the-markets-112322" rel="noopener">click here to join our separate political discussion</a>.</p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMirQFodHRwczovL3NlZWtpbmdhbHBoYS5jb20vbmV3cy8zOTEwOTgyLW5ldy15b3JrLWJlY29tZXMtZmlyc3Qtc3RhdGUtdG8tbGltaXQtYml0Y29pbi1taW5pbmc_c291cmNlPWNvbnRlbnRfdHlwZSUzQXJlYWN0JTdDZmlyc3RfbGV2ZWxfdXJsJTNBbWFya2V0LW5ld3MlN0NzZWN0aW9uX2Fzc2V0JTNBbWFpbtIBAA?oc=5">Source link </a>
New York becomes first state to limit crypto mining (NASDAQ:SLNH)
[ad_1] luza studios New York Governor Kathy Hochul has signed a two-year moratorium on bitcoin (BTC-USD) mining operations which might be powered by carbon sources, in any other case generally known as Proof-of-Work crypto mining. The laws makes New York the primary state to partially ban PoW mining, a course of that enables crypto miners to earn digital rewards by fixing advanced mathematical equations to authenticate transactions whereas utilizing a hefty quantity of computing energy. The New York State Senate handed a PoW-targeted bill in June in an effort to handle issues in regards to the
