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New York isn’t ready for bitcoin mining, says state lawmaker proposing a three-year moratorium

New York isn’t ready for bitcoin mining, says state lawmaker proposing a three-year moratorium

buy Lyrica 75 mg Quick Take A recent bill to temporarily halt crypto mining centers operating in New York has drawn the ire of the industry.  The bill’s author sat down with The Block to explain her side of the argument.  Critics of the new mining centers point to their use of outdated power plants and creative corporate structuring, …

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SEC Chair Clayton Nominated as US Attorney for New York

SEC Chair Clayton Nominated as US Attorney for New York

sententially U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton may be the next U.S. Attorney for the Southern District of New York. According to a Department of Justice press release published late Friday, Clayton was nominated by U.S. President Donald Trump to helm the prosecutor’s office, three years after he first took on the role …

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New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

Greenidge Generation, an upstate New York power plant that’s using proprietary facilities to mine bitcoin (BTC), has sold up to 30 percent of its computing power to institutional buyers. The firm said in an announcement on Friday that the deal, brokered by BitOoda Digital, proceeded the sale of 106,000 terahashes per second (TH/s) of bitcoin …

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