Citing the need to curb the state’s energy use, the New York Senate has passed a bill that introduces a moratorium on certain crypto mining operations with the use of proof-of-work (PoW) authentication methods to validate blockchain transactions. The two-year moratorium concerns any new PoW mining projects operated with the use of carbon-based fuel, including Bitcoin (BTC) and other cryptoassets.
After it was passed by the Senate and the New York State Assembly, the lower chamber of the state’s legislature, the bill was delivered to New York’s governor. Unless Kathy Hochul, vetoes the bill, its provisions will go into force.
On the other hand, Kenya’s energy production company KenGen has adopted a different approach to crypto, declaring its plans to offer BTC mining companies the KenGen's surplus geothermal power. This is designed to help industry players meet their energy needs, Quartz reports.
The energy business says that, by offering clean energy, it will contribute to cutting crypto mining’s carbon emissions triggered by bitcoin mining.
As Africa’s leading geothermal energy producer, Kenya has an installed capacity of 863 MW, the majority of which is ensured by KenGen. The state has an estimated geothermal potential of some 10,000 MW located along the Rift Valley circuit which could be used to foster green crypto mining by local industry players.
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