Only renewable energy will be allowed
Although the law prohibits crypto mining and denies the renewal of licenses for this activity to all those people or firms that are already operating, it will allow this activity as long as 100% renewable energy is used.
The law will be in force for the next two years, during which time the state of New York will carry out an environmental impact assessment of cryptocurrency mining in its territory.
How much does cryptocurrency mining pollute?
To mine cryptos, computers that are connected and working 24 hours a day are required, their use not only requires energy to work, but also to cool them and prevent them from overheating, this results in intensive use of energy.
According to the bitcoin energy consumption index, compiled by Digiconomist, a single bitcoin transaction generates 639 kilograms of carbon dioxide (CO2), which is equivalent to 106,491 hours of YouTube viewing, consumes 1,146 kilowatt-hours (kWh). ) equivalent to the energy consumption of an average American household for 39 days, and generates 439 grams of electronic waste, this is equal to the weight of 2.7 iPhones.
With information from AFP.