Quote from: DaveF on Today at 11:19:25 AM

Quote from: STSMiner on April 23, 2024, 02:37:35 AM

Yes and no .....

Why ?

New York (state) banned crypto mining...

`The New York Senate passed Bill S6486D banning cryptocurrency mining in the state when relying on carbon-based energy sources to power their operation.`

Just want to make the point that New York DID NOT ban mining.

1) If you had a mining facility up and running nothing changed*
2) If you wanted to setup a new mine using 100% renewable nothing changed

The * being that renewals of permits in the 2 years period that the bill is in effect for might be an issue...except for these 2 facts
1) There were 2 (3?) mines that were using old power plants that were specifically mentioned and exempt from the regualtion
and
2) There are / were no permit renewals coming though in the 2 years from the signing of the bill.

Unrelated but important a lot of places don't want large scale mining facilities due to the fact that they suck down a lot of power and don't supply many jobs.

Trust me if you had a ratio of 1 job per 100 miners you would have states clamoring to get them. But one of the ones upstate had something like 7500 miners and 15 full time workers and a couple of part time people. The local Taco Bell had more staff.....

-Dave

They pay a huge electric bill that supports power generation and people in the plant. They rent/buy the building, They pay taxes the sewage and water bills. In Texas they burn tons of excess generation that they pay for and doesn't get scuttled into "reactors" that burn of excess power into heat. During times of high grid demand the idle the machines out. These jobs pay higher than Taco Bell (nothing wrong with that job) so it's not 1 to 1. Besides they are pretty benign neighbors.