Prohibit bitcoin mining, the time to take an ecological balance? The proposal that worries

Prohibit bitcoin mining, the time to take an ecological balance? The proposal that worries

Prohibit bitcoin mining, the time to take an ecological balance? The proposal that worries

Greenhouse gases declared public enemies - Senator Kevin Parker, of the New York State Legislature, has just tabled a bill proposing to stop the mining of digital assets in the state during 3 years in order to establish the environmental impact of the activity .

Coal-fired power plants and mining don't mix

Senator Paker's bill is based on New York's decarbonization goals. The state seeks to reduce its greenhouse gas emissions by 70% by 2030  :

"Establish a 3-year moratorium on the operation of cryptocurrency mining centers and demand the completion of a comprehensive generic study of the environmental impact of the cryptocurrency industry in New York State in the context of of the objectives of the Climate Leadership and Community Protection Act (CLCPA) established by law in 2019. ”

Objective of Bill S6486

If passed, the bill will allow state inspectors to assess the impact of mining facilities on water quality, air quality, carbon emissions and wildlife.

Minors would only be allowed to resume their activities after completing an environmental impact statement . Actors who would be considered detrimental to New York State's carbon emissions reduction plan would not be able to operate in the state.

This bill follows the recent authorization of the local authorities for the expansion of the Greenigde plant , which intends to increase its mining capacity. Greenigde is a former coal-fired power plant that now burns natural gas to mine bitcoin. At the end of March 2021, the power station received authorization to double its production capacity , and therefore… to double greenhouse gas emissions.

Bitcoin's energy consumption and its consequences have become a topic of regular debate for crypto enthusiasts , but also activists and governments. Some even go so far as to call for the destruction of the king of digital currencies to avoid ecological disaster.

Source : Journalducoin.com

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