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As Bitcoin mining activity strengthens in the U.S., is it fading out from Kazakhstan
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It is no news that crypto mining is energy-intensive. Recently, New York State residents addressed a letter to the governor to reassess mining permits to crypto businesses. It includes names like Greenidge Generating Station and the Fortistar North Tonawanda.
Additionally, the petitioners went on to ask for a statewide moratorium on proof-of-work (PoW) cryptocurrency mining. While the sector in NY is amid regulatory uncertainties, Pennsylvania-based bitcoin miner Stronghold Digital Mining made its market debut on Nasdaq, soon after.
Contrary to environmental concerns, Greg Beard, Stronghold’s CEO, argued,
“Bitcoin mining is the most economic use of that power today.”
He stated this as Stronghold claimed to be essentially using waste coal for
Read more on ambcrypto.comAbout this in other media
Russian Central Bank Says No As Ministries Hope to Legalize Bitcoin Mining cryptonews.com /2 years ago
Major Swedish Power Company Defends Bitcoin Mining as Regulators Propose Ban cryptonews.com /2 years ago
Could Paraguay’s Bitcoin mining foray prove detrimental to its energy needs ambcrypto.com /2 years ago
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