Bitcoin Miners Win Reprieve as New York Lets Anti-Mining Bill Die

[Markuri33]

The New York Assembly failed to act on legislation passed earlier this week by the Senate. The New York Senate this week had passed a bill to temporarily stop giving permits to Bitcoin mining facilities using carbon-based fuels; existing Bitcoin mining firms in the state would have been frozen at existing levels of electricity consumption. But the New York Assembly didn't get around to voting on its version of the bill, meaning that it must start at the beginning of the process during the next two-year legislative session. The authors of Senate Bill S6486B were nonetheless concerned about the precedent being set in the state, as Greenidge and other Bitcoin mining firms had taken up residence in closed fossil fuel power plants. Those plants, the bill said, were shut down "due to reduced energy demand, improved transmission capacity and non-economic carbon-based fuel sources."source