New York Passes Bill to Curb Bitcoin Mining

[Tsing]

New York lawmakers have passed a bill (A7389C) that would temporarily ban certain bitcoin mining operations within the state.

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[DrezKill]

Wake me up when there is a permanent Federal ban on all cryptocurrency mining (or every single state decides to ban it).

 

[Brian_B]

Doesn’t affect homebrew miners, just large scale ones

 

[Zarathustra]

I'd support making this nation wide, and making mining, buying, selling or holding of any crypto-asset illegal, without exception.

With our marginal power grids, we have much more important things to do with the capacity than to piss it away on pyramid schemes.

 

[MadMummy76]

They always fearmonger about the dangers of AI, Even Stephen Hawking got on the bandwagon at some point. But blockchain technology is a much bigger danger. Because it uses our own greed against us.

If an alien would observe us now, they'd say: Look they are totally crazy, they are depleting and using up finite natural resources to create a digital daisy chain that has no practical value or use.

 

[MadMummy76]

Doesn’t affect homebrew miners, just large scale ones

Well homebrew miners who don't have 2 rooms stuffed full of mining rigs won't shut down the grid.
Don't get me wrong, I still think what they do is contemptible and immoral, but they aren't using industrial scale electricity,

 

[Brian_B]

Well homebrew miners who don't have 2 rooms stuffed full of mining rigs won't shut down the grid.
Don't get me wrong, I still think what they do is contemptible and immoral, but they aren't using industrial scale electricity,

It really is a bill targeted at a single user:

Bitcoin-mining power plant raises ire of environmentalists

An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists.

apnews.com