Coingeek: New York State Senate passes ban on proof of work mining—here’s what to expect
I believe the damage to both local and state economies will occur much faster than expected. The bill places a moratorium on establishing new Proof-of-Work mining operations and will prevent the expansion of current PoW mining facilities. Not only will this limit the potential benefits of an emerging industry to empower regional economic and technological growth, including producing jobs, specialized knowledge, and innovation, but it will also cause regulatory uncertainty, placing policymakers at the head of choosing how an emerging industry develops,” said Bryan Daugherty, the Public Policy Director for BSV Blockchain
New York State Senate passes ban on proof of work mining—here’s what to expect
Blockchain Subject Matter Expert at SmartLedger
After 2 decades of successfully helping to digitally transform businesses and organizations with traditional and emerging technologies, I have decided to refocus my consultative efforts towards one of the most innovative and impactful technologies I've ever encountered - Blockchain
Latest posts by Bryan Daugherty (see all)
- New LinkedIn Blockchain Political Newsletter - December 3, 2022
- New York governor signs bill banning carbon-based fuel proof-of-work mining - November 28, 2022
- TicketMint launches the world’s first fraudulent free ticketing system - November 21, 2022