New licenses for POW mining will not be issued by the State of New York

On Friday morning, New York state legislators decided the fate of mining for the next 2 years.

During this period, it will not be possible to obtain crypto licenses if the enterprise uses energy from carbon sources.

36 senators voted in favor of the ban, while 27 were against. Now the law will be submitted to the governor for signature. After Kathleen Hochul signs it, the ban on issuing licenses for energy-intensive types of mining will come into force.

Enterprises already operating or undergoing the stage of re-licensing will not be affected by the new restrictions. Also, they will not affect mining enterprises operating on renewable energy sources, and cryptocurrencies based on POS and other mining algorithms.

Recall that the White House is studying the impact of mining on the environment. The report, as we wrote earlier, will be ready in August.

We will follow the development of the situation. Read our news and subscribe to social networks. You can also start mining cryptocurrency using Hive OS service.

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