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The greatest Crypto Mistake of the decade commited in New York
The biggest crypto mistake is being done in New York, for the reason that the scientiest of the money farmers, do not understand that you have to empower the community to be able to generate energy more efficiently.
Efficiency meaning:
Wonderfully wonderful to understand - it's like understanding how black magic of retarded thinking can cripple a country.
That means that in New York, they do not understand what is at stake, because they are not planning to use the available vacant space on top of or in between buildings for generating electrical potential via solar energy, even transforming wind (energetic flows) blowing around the buildings or wave energy at the shores into energy.
The best solutions are allways to be found based on the right set of mental standards:
E = MxCxC = How to become and stay a citizen deserving honor and energizing the community of humans (E) in the medicine (technological) world according to Erasmus:
Be great like E
Respecting M (Human Rights)
Showing C (Creative technological approach)
Proving C (Serving human kind with Compassion)
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In brief:
A proposed bill would see Bitcoin mining in the State of New York halted for a period of three years in order to properly assess the industry’s environmental impact.
New York Senate Bill 6486 was proposed by Senator Kevin Parker (D) to the State Senate’s Environmental Conservation Committee earlier this week. The bill—if approved—will allow for the operation of a Bitcoin mining center only after a full review of the industry’s environmental impact.
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“Cryptocurrency mining centers are an expanding industry in the State of New York,” the bill reads, noting that they are often located in “retired or converted fossil fuel power stations.”
In addition to Senator Kevin Parker (D), the bill is co-sponsored by Senator Rachel May (D).
Should the Senate Environmental Conservation Committee approve the bill, it must still pass the Senate before being delivered to Governor Cuomo, who will have final sign-off on whether the bill is signed into law or not.
Should the Governor sign off on the bill—if and when it reaches his desk—it will signal one of the most significant decisions against the Bitcoin mining industry in its current form.
Elsewhere in the world, Bitcoin mining has already run into legal trouble because of its environmental impact. For example, in China’s Inner Mongolia, the regional government announced that it would ban all Bitcoin mining in the area earlier this year. The measures are part of China’s wider climate commitments, which include peaking carbon emissions by 2030.
In New York, however, Bitcoin mining has been growing, as retired power plants are converted into Bitcoin mining centers. One such example is Greenidge Generation LLC, a mining and power generation facility in Dresden, New York. Per an announcement earlier this year, the company expects to be listed on the Nasdaq in Q3 through a merger with Support.com.
Bitcoin mining is an energy-intensive business. In order to create more Bitcoin, some of the world’s most powerful computers perform complex calculations that eat up a lot of energy.
While some of the Bitcoin mining industry uses renewable energy—39%, according to Cambridge University—the majority of the industry still relies on fossil fuels.
The resulting impact is an industry that’s annual energy consumption is equivalent to a country like Argentina, and a carbon footprint is broadly equivalent to 61 billion pounds of burned coal. And with a track record like that, New York’s legislators have taken notice.
“The continued and expanded operation of cryptocurrency mining centers will greatly increase the amount of energy usage in the State of New York, and it is reasonable to believe the associated greenhouse gas emissions will irreparably harm compliance with the CLCPA in contravention of state law,” the bill adds.
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