{"id":4719,"date":"2022-06-06T10:23:49","date_gmt":"2022-06-06T10:23:49","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=4719"},"modified":"2022-06-06T10:23:49","modified_gmt":"2022-06-06T10:23:49","slug":"objectors-to-new-yorks-mining-ban-say-governments-cant-dictate-valid-use-of-energy","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=4719","title":{"rendered":"Objectors to New York&#8217;s mining ban say governments can&#8217;t dictate &#8216;valid use of energy&#8217;"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/> \ud83d\udc4b Want to work with us? CryptoSlate is hiring for a handful of positions!<\/p>\n<p>Ethereum\u2018s co-founder Vitalik Buterin and Coin Metrics\u2018 co-founder Nic Carter recently opposed the recent mining ban decision of New York, saying that it\u2019s not okay for governments to decide on what the appropriate usage of electricity is.<\/p>\n<p>Carter tweeted that N.Y.\u2019s ban on crypto mining directly controls what constitutes proper use of power. He implied that this is an abuse of power and said:<\/p>\n<p lang=\"en\" dir=\"ltr\">Will red states respond and ban computation taking place in their borders used for pornography, Netflix, and Disney? Is a world where the state itself decrees what is an acceptable use of electricity or not one you really want to live in?<\/p>\n<p>\u2014 nic carter (@nic__carter) June 3, 2022<\/p>\n<p>U.S. Senate candidate Bruce Fenton also tweeted to object to N.Y.\u2019s decision and said no government has the right to tell people which software to run.<\/p>\n<p lang=\"en\" dir=\"ltr\">No government has the right to tell you what software to run.<\/p>\n<p>Code is speech. https:\/\/t.co\/mm1Ndd75im<\/p>\n<p>\u2014 Bruce Fenton for US Senate \ud83c\uddfa\ud83c\uddf8 (@brucefenton) June 4, 2022<\/p>\n<h2>Is it really about the environment?<\/h2>\n<p>The New York Senate passed the bill due to environmental concerns, arguing that the greenhouse gas emissions released by crypto mining will irreparably harm compliance with the Climate Leadership and Community Protection Act in contravention of state law.<\/p>\n<p>However, opposers don\u2019t believe this ban serves its said environmental purpose.<\/p>\n<p>Buterin quoted Fenton\u2019s tweet to say he favors decreasing gas emissions for the environment\u2019s sake. However, the crypto mining ban doesn\u2019t really serve its purpose.<\/p>\n<p lang=\"en\" dir=\"ltr\">Ultimately I agree with this (that is, I oppose banning PoW). The government picking and choosing which specific applications are an okay use of electricity or not is a bad idea. Better to just implement carbon pricing, and use some of the revenues to compensate low-income users. https:\/\/t.co\/NnBzmv5mYz<\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) June 4, 2022<\/p>\n<p>Carter also argued that the environmental concerns are just a front, as the state has made some contradicting decisions. Carter tweeted:<\/p>\n<p lang=\"en\" dir=\"ltr\">The New York sha-256 ban miight seem a little more credible if they hadn\u2019t closed down Indian Point nuclear plant (10% of state generation) and replaced it with new natural gas plants last year. Climate warriors they are not.<\/p>\n<p>\u2014 nic carter (@nic__carter) June 4, 2022<\/p>\n<h2>Mining\u2019s impact on the environment<\/h2>\n<p>Bitcoin mining consumes nearly 110 terawatt-hours of energy annually, which impacts the environment. Many prominent figures have protested the negative consequences.<\/p>\n<p>Buterin, for example, decided to switch Ethereum from energy-consuming PoW to sustainable PoS. On\u00a0the other hand, Elon Musk advocated for using sustainable energy sources like solar power for Bitcoin mining.<\/p>\n<p>The Bitcoin mining industry\u2019s sustainable energy usage increased approximately 59% last year and reached around 58.4% in the first quarter of 2022.<\/p>\n<p>As of January 2022, the U.S. constitutes 37.84% of the average monthly hashrate in Bitcoin mining. New York produces 9.77% of that number every month. Moreover, New\u00a0 York\u2019s mining activity is mostly sustainable, according to Carter.<\/p>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/objectors-to-new-yorks-mining-ban-say-governments-cant-dictate-valid-use-of-energy\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udc4b Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum\u2018s co-founder Vitalik Buterin and Coin Metrics\u2018 co-founder Nic Carter recently opposed the recent mining ban decision of New York, saying that it\u2019s not okay for governments to decide on what the appropriate usage of electricity is. Carter tweeted that N.Y.\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-4719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4719"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4719\/revisions"}],"predecessor-version":[{"id":4721,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4719\/revisions\/4721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/4720"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}