Mining Operations Disrupted in the US: Is Crypto in Trouble?

With all the advantages that Blockchain Technology and Crypto bring to the table, the effects of mining operations on the environment remain the world’s main concern. And with the constant growth of this space and the mining machines that run non-stop to complete all transactions, environmental activists and legislators in the state of New York have been doing their ultimate best for several months to slow the growth of crypto mining.

The New York Senate passed a bill that imposes a moratorium on new proof-of-work crypto mining operations in the state, meaning all new proof-of-work mining operations that rely on carbon-based fuel will face a two-year ban

But it does not stop here; White House Office of Science and Technology Policy (OSTP) is planning on issuing a report in August on cryptocurrency mining and its environmental impact. It will focus on the differences between proof-of-work and other network consensus mechanisms, the noise pollution that mining causes, old fossil power plants being reactivated in certain areas as well as other underlying issues. And to fortify the credibility of the report, OSTP has asked the public to send their feedback on the matter.