Bitcoin Mining Ban Proposed by New York Governor Candidate
Democratic candidate Jumaane Williams has called for a ban on Bitcoin mining
Democrat Jumaane Williams, who made his bid for New York governor in December, called for imposing a moratorium on proof-of-work (PoW) mining.
He pointed to China’s recent decision to ban Bitcoin mining, adding that there are other “processes” that are less harmful to the environment.
Williams made his plan known while speaking near a controversial Greenidge Generation gas-fired power station. It operates near the shore of Seneca Lake, the largest and deepest of the Finger Lakes.
The once shut down factory has successfully reinvented itself by mining Bitcoin. Last month, it reported a 168% increase in Bitcoin production.
Local residents are not happy with the business endeavor, complaining that the power plant began to “cook” the iconic lake and led to an increase in greenhouse gas emissions.
Williams says Bitcoin mining could be devastating to the environment and local economy:
We know exactly what will happen in a few years if we don’t stop this kind of mining.
Bitcoin mining that uses a proof-of-work process has the potential to wreak havoc on the environment and local economy, so today I joined lawyers and community members on #SenecaLake appeal to @GovKathyHochul to declare a moratorium on this kind of mining. (1/3) pic.twitter.com/DHWFmmuv72
— Jumaane Williams (@JumaaneWilliams) January 31, 2022
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