New York Gov. Hochul Signs Law Restricting Cryptocurrency Mining Over ‘Environmental Concerns’

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New York Gov. Hochul Signs Law Restricting Cryptocurrency Mining Over ‘Environmental Concerns’​

The bill was signed on Tuesday after being passed by the state legislature back in June.

“I will ensure that New York continues to be the center of financial innovation, while also taking important steps to prioritize the protection of our environment,” Hochul said in a statement.
The law also requires the Department of Environmental Conservation to asses how cryptomining affects the state’s ability to meet its climate goals,” the report continues. “Environmentalists said New York was undermining those goals by letting cryptomining operations run their own natural gas-burning power plants.”
“Cryptocurrency mining requires specialized computers that consume large amounts of energy. One study calculated that as of November 2018, bitcoin’s annual electricity consumption was comparable to Hong Kong’s in 2019, according to the U.S. Energy Information Administration,” the AP report noted.
www.thegatewaypundit.com

New York Gov. Hochul Signs Law Restricting Cryptocurrency Mining Over 'Environmental Concerns' | The Gateway Pundit | by Cassandra MacDonald

New York has become the first state in the nation to restrict cryptocurrency mining.
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SomeSoldier

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Okay so someone explain how the gov plans on finding crypto miners....
 
Saltwater60

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SomeSoldier said:
Okay so someone explain how the gov plans on finding crypto miners....
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There are a few big ones around that everyone knows about. Also people will claim it on their taxes at times, but generally the government isn’t that smart to connect that dot. There’s a big one in niagara county and everyone knows it’s there. They use hugs amounts of energy and they make an odd humming noise.
I just have one question and that is will hochul stop using that helicopter so frequently to return to Buffalo? How about photo ops and campaign stops or does the earth not care about those?
 
SomeSoldier

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Saltwater60 said:
There are a few big ones around that everyone knows about. Also people will claim it on their taxes at times, but generally the government isn’t that smart to connect that dot. There’s a big one in niagara county and everyone knows it’s there. They use hugs amounts of energy and they make an odd humming noise.
I just have one question and that is will hochul stop using that helicopter so frequently to return to Buffalo? How about photo ops and campaign stops or does the earth not care about those?
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I know of some myself but how does NYS plan to find all of them. They going door to door?
 
Grimscale

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SomeSoldier said:
I know of some myself but how does NYS plan to find all of them. They going door to door?
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You'll be ratted out by your power company.

"Mr SomeSoldier has been using 50% more energy than his neighbors. He's either growing pot or cryptomining. Time to get a no-knock warrant and bust down his door."
 
SomeSoldier

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Grimscale said:
You'll be ratted out by your power company.

"Mr SomeSoldier has been using 50% more energy than his neighbors. He's either growing pot or cryptomining. Time to get a no-knock warrant and bust down his door."
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Maybe I just running my AC during winter.
 
Steal2B

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Grimscale said:
"Mr SomeSoldier has been using 50% more energy than his neighbors. He's either growing pot or cryptomining. Time to get a no-knock warrant and bust down his door."
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I hope and suspect the higher than normal energy consumption @SomeSoldier 's place (versus his liberal neighbors' energy use) is more likely the Gun Safe and Ammo Closet dehumidifiers running constantly.
 
Cavalry

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This makes no sense, not that I would have expected it to.
I can open a factory making widgets. No one cares how much electricity or natural gas I consume, only that I pay my bill. What is the difference?
 
prambo

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So there's actually a physical "mine" where "crypto-miners" find "crypto-currency"??!!

Sure this isn't from the Babylon Bee??

The article says -

“Cryptocurrency mining requires specialized computers that consume large amounts of energy. One study calculated that as of November 2018, bitcoin’s annual electricity consumption was comparable to Hong Kong’s in 2019, according to the U.S. Energy Information Administration,” the AP report noted."

So it's all about the huge amount of "fossil fuels" necessary to power the 'puters??

stupi burns.gif


bullshit-copy.jpg
 
Uninformed and Compliant

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Grimscale said:
You'll be ratted out by your power company.

"Mr SomeSoldier has been using 50% more energy than his neighbors. He's either growing pot or cryptomining. Time to get a no-knock warrant and bust down his door."
Click to expand...
Jokes on them. I hacked his router, his PC, his Nest, his doorcam, his fridge, his dishwasher, his clothes washer and dryer, and all of his smart lightbulbs. He's mining them all for me lulz
 
Michael

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prambo said:
So there's actually a physical "mine" where "crypto-miners" find "crypto-currency"??!!

Sure this isn't from the Babylon Bee??

The article says -

“Cryptocurrency mining requires specialized computers that consume large amounts of energy. One study calculated that as of November 2018, bitcoin’s annual electricity consumption was comparable to Hong Kong’s in 2019, according to the U.S. Energy Information Administration,” the AP report noted."

So it's all about the huge amount of "fossil fuels" necessary to power the 'puters??

View attachment 181112


View attachment 181109
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Specialized computers my ass. They're running high end graphics cards as they are designed to and are more efficient at crunching numbers. And how the hell did they "calculate" the power usage of data mining?? A Ouija board or random number generator? BTW, I'm going to print out the second picture you posted and leave it on my toolbox. Thanks for posting that!
 
SomeSoldier

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dsdmmat said:
Same way they found pot growers in the 90s. Your electric bill.
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What if you growing lettuce in your basement? Get your door kicked in because you have a high electric bill? Sounds like bullshit to me.
 
Acer-m14

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livingston said:

“Environmentalists said New York was undermining those goals by letting cryptomining operations run their own natural gas-burning power plants.”​

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is this another was of saying to ban NG backup power plants for when the Grid goes down ??


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FP1201

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What they're doing is using large generators fueled by Natural Gas (which produces very little emissions) to power the crypto-mining computers.
If you have a $50K a month Electric Bill, it makes sense to have a 50KW Generator on site... sure it's more of a hassle, but when you cut the cost from the Utility Company and/or potential losses from grid failures, it works out in the end.
We had a huge Saw Mill here that finally told Niagara-Mohawk (now National Grid) to FOAD, bought a big ass CAT Gen-set and cut their electric cost by more than half.
Hochul & co are sticking their noses into it because they aren't getting a cut by using the DEC under the guise of pollution but will fail as the NG Engines produce no more emissions than a NG powered Bus.
NY Democrats: Finding solutions to non-existent problems... duplicitous fuck sticks.
 
prambo

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Michael said:
Specialized computers my ass. They're running high end graphics cards as they are designed to and are more efficient at crunching numbers. And how the hell did they "calculate" the power usage of data mining?? A Ouija board or random number generator? BTW, I'm going to print out the second picture you posted and leave it on my toolbox. Thanks for posting that!
Click to expand...

You're welcome...I stole it from Van der Luen's "American Digest".
 
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