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New York Lawmakers Assess Bitcoin Mining’s Environmental Impact

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By Elise Hansen (October 27, 2021, 5:36 p.m. EDT) – New York state lawmakers on Wednesday heard testimony denouncing the environmental costs of bitcoin mining as well as arguments that mining operations could create more jobs in the region, as they assessed whether the state should take legislative or regulatory action on the growing industry.

Assembly committees on environmental conservation, energy, science and technology as well as a working group on climate change heard about the impacts of cryptocurrency mining and mining. whether the industry’s presence in New York could hamper sustainability goals. New York’s Climate Leadership and Community Protection Act calls for net zero carbon emissions by 2050.

Witnesses for the hearing included academics, environmental specialists …

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