Bitcoin Miners Operating in New York State Must Use 100% Renewable Energy or Leave.

An abusive new law requires of the Bitcoin mining industry what New York State does not require of any other industry.

 

Anew law limits Bitcoin mining activities in New York State, USA. Miners must now use 100% renewable energy or face consequences. The new law went into effect on November 22, 2022.

Not all Bitcoin miners are welcome in New York State anymore. Mining companies that run on carbon-based energy are banned. For the next two years, only mining farms using 100% renewable energy will be allowed to expand and renew their licenses.

For newcomers, it’s the same penalty: only 100% renewable energy operations will be allowed to be set up in New York State.

This is the first time such a law has been implemented in America, and it will drastically reduce development opportunities for companies that are not entirely based on renewable energy. Most importantly, the law is going to directly impact the state, which is one of the largest in the country in terms of Bitcoin production.