Energy-hungry bitcoin moves into sights of US environmental movement
Lawmakers in New York push for a mining moratorium.
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Lawmakers in New York push for a mining moratorium.
Environmental groups and lawmakers are raising the alarm about the climate cost of bitcoin mining, while industry groups and proponents say it can be part of a ...
LOS ANGELES: When China banned bitcoin mining last year, it launched a US cryptocurrency goldrush, with states such as New York, Kentucky and Georgia fast becoming major mining hubs, according to Reuters. New York state assembly member Clyde Vanel couldn’t be happier. “It’s a blessing that it’s happening here,” he said, pointing to the jobs the industry could create. But Anna
Hundreds of thousands of mining machines worth billions of dollars are plugging into electrical grids across America, spawning an entirely new industry.
The U.S. has become the world’s top destination for crypto miners after China banned the energy-intensive industry and as Russia considers doing the same.