> Lawmakers sponsoring the legislation say they are looking to curb the state’s carbon footprint by cracking down on mines that use electricity from power plants that burn fossil fuels. For two years, unless a proof-of-work mining company uses 100% renewable energy, it would not be allowed to expand or renew permits, and new entrants would not be allowed to come online.
Are externalities not taxed? This merely addresses the symptoms rather than the cause of the problem: pollution is not taxed enough.
Clearly New York is not very crypto-friendly. The BitLicense was the first red flag.