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Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.

 
Jack Eye
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11/24/2022 03:51 AM

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Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
On their Twitter feed



[link to twitter.com (secure)]
Jack Eye
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11/24/2022 03:52 AM

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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Like someone said - makes it tastier.
Jack Eye
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11/24/2022 03:52 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Strong sell signal for new york coin.
Jack Eye  (OP)

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11/24/2022 04:12 AM

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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Strong sell signal for new york coin.
 Quoting: Anonymous Coward 54910717


If I had thousands tied up in mining gear in NY I wouldn’t stop. Couldn’t afford to. Imagine any large mining centers?
Jack Eye
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11/24/2022 04:32 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Strong sell signal for new york coin.
 Quoting: Anonymous Coward 54910717


If I had thousands tied up in mining gear in NY I wouldn’t stop. Couldn’t afford to. Imagine any large mining centers?
 Quoting: Jack Eye


On a similar note, you can mine scala pretty profitably right now using a cpu instead of gpu, they even have an android mining app in case you have 100s of old cellphones laying around. It's built on monero's code and low market cap. Check it out.
Anonymous Coward
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11/24/2022 04:38 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
what can't they ban? can they ban shoes, bowling and video games? Does anyone see a problem here?
Jack Eye  (OP)

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11/24/2022 06:32 AM

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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Strong sell signal for new york coin.
 Quoting: Anonymous Coward 54910717


If I had thousands tied up in mining gear in NY I wouldn’t stop. Couldn’t afford to. Imagine any large mining centers?
 Quoting: Jack Eye


On a similar note, you can mine scala pretty profitably right now using a cpu instead of gpu, they even have an android mining app in case you have 100s of old cellphones laying around. It's built on monero's code and low market cap. Check it out.
 Quoting: Anonymous Coward 54910717


Cool.
Jack Eye
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11/24/2022 06:32 AM

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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
what can't they ban? can they ban shoes, bowling and video games? Does anyone see a problem here?
 Quoting: Anonymous Coward 83608992


They tried banning the Big Gulp too.
Jack Eye
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11/24/2022 06:38 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Please educate me. Does this mean people can't own crypto in NY or they can't do start ups of new cryptos or what?

Is it to prevent competition of the Fed's
Test run/pilot orogram of the US digital dollar in NY?

Is it even legal for her to do this?
Jack Eye  (OP)

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11/24/2022 06:43 AM

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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Please educate me. Does this mean people can't own crypto in NY or they can't do start ups of new cryptos or what?

Is it to prevent competition of the Fed's
Test run/pilot orogram of the US digital dollar in NY?

Is it even legal for her to do this?
 Quoting: Anonymous Coward 83527186


You can own. Just can’t create new stuff.
Jack Eye
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11/24/2022 06:44 AM

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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Please educate me. Does this mean people can't own crypto in NY or they can't do start ups of new cryptos or what?

Is it to prevent competition of the Fed's
Test run/pilot orogram of the US digital dollar in NY?

Is it even legal for her to do this?
 Quoting: Anonymous Coward 83527186


You can own. Just can’t create new stuff.
 Quoting: Jack Eye


In effect math done by computer is banned
Jack Eye
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11/24/2022 06:51 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Mining consumes very large amounts of electricity.
Mining creates a very large carbon footprint.
Mining doesn't benefit anyone but the mining company.
Anonymous Coward
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Chile
11/24/2022 06:52 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Please educate me. Does this mean people can't own crypto in NY or they can't do start ups of new cryptos or what?

Is it to prevent competition of the Fed's
Test run/pilot orogram of the US digital dollar in NY?

Is it even legal for her to do this?
 Quoting: Anonymous Coward 83527186


You can own. Just can’t create new stuff.
 Quoting: Jack Eye


In effect math done by computer is banned
 Quoting: Jack Eye



Thank you. I found this article which was somewhat helpful. However, what I got out if it is that it is a lie that bitcoin is anonymous which is something I always also thought was a falsehood.

Anything that has to do with computers/digital currency can never be anonymous. Only computer independent currency like cash, gold, silver, etc. can be anonymous.

[link to www.howtogeek.com (secure)]
Anonymous Coward
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11/24/2022 06:55 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Mining consumes very large amounts of electricity.
Mining creates a very large carbon footprint.
Mining doesn't benefit anyone but the mining company.
 Quoting: Anonymous Coward 84810028


If the mining could be wind, hydro or solar powered which is installed by the mine owners should be zero issue if local residents don't mind.
Anonymous Coward
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11/24/2022 06:58 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Mining consumes very large amounts of electricity.
Mining creates a very large carbon footprint.
Mining doesn't benefit anyone but the mining company.
 Quoting: Anonymous Coward 84810028


If the mining could be wind, hydro or solar powered which is installed by the mine owners should be zero issue if local residents don't mind.
 Quoting: Anonymous Coward 84810028


Interesting article 2021: [link to www.cryptoworldjournal.com (secure)]
Anonymous Coward
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11/24/2022 07:03 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
New York mostly 3rd world shit hole
gss
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11/24/2022 07:06 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
we're not even half way thru the BTC trial run.

that's years down the road folks.

i'll show you the sign when it comes.
Anonymous Coward
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11/24/2022 07:09 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Mining consumes very large amounts of electricity.
Mining creates a very large carbon footprint.
Mining doesn't benefit anyone but the mining company.
 Quoting: Anonymous Coward 84810028


It's more complex than that. Any alternative consumes large amounts of electricity unless you want to go back to the barter system so the "Carbon footprint" argument is overplayed and weak. Mining benefits everyone by giving actual value to the currency which would otherwise be worthless. Proof of work (mining) cryptos are the only cryptos that hold any real value because they require an input of real world value to be created. All others cryptos (and paper money for that matter) are merely speculation, speculation creates large bubbles and large bubbles get people reckd. Mining cryptos creates a store of value similar to mining gold or silver, the main difference being that gold and silver is tangible and useful for things other than value transfer while cryptos are designed to do just that, and they do it well.
Anonymous Coward
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11/24/2022 07:12 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Good

Crypto mining is a huge waste of electricity
Anonymous Coward
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11/24/2022 07:15 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Good

Crypto mining is a huge waste of electricity
 Quoting: Anonymous Coward 84810312


I'm going to fire up my gpu right now, thank yourself for being a dolt. Dual mining etc and zil. You did this.
Anonymous Coward
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11/24/2022 08:22 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
I wonder how long before Kathy Hochul signs into law regulations on the permitted colour and shades for belly button lint? Break them and a team of armed SWAT officers will be smashing down your front door, shooting your dog and carting you away to a prison where you'll be gang-raped.

This is off-the-scale petty tyrant stuff.

It is the state in you bedroom, your living room, your life - it is total and absolute control.
TerraFirma's Esoterrorist

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11/24/2022 08:34 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
https://imgur.com/a/tlLY3VF

"Keep a weather eye to the chart on high and go home another way"

–James Taylor Never Die Young
Anonymous Coward
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11/24/2022 08:41 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Strong sell signal for new york coin.
 Quoting: Anonymous Coward 54910717


If I had thousands tied up in mining gear in NY I wouldn’t stop. Couldn’t afford to. Imagine any large mining centers?
 Quoting: Jack Eye


r y joking?

they're losing money for eight months now.

.
Anonymous Coward
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11/24/2022 08:45 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
I saw something like that in 2019 or 2018 that cops were mercilessly stun grenading small children while raiding their house over bitcoin mining.
Anonymous Coward
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11/24/2022 08:47 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Mining consumes very large amounts of electricity.
Mining creates a very large carbon footprint.
Mining doesn't benefit anyone but the mining company.
 Quoting: Anonymous Coward 84810028


It's more complex than that. Any alternative consumes large amounts of electricity unless you want to go back to the barter system so the "Carbon footprint" argument is overplayed and weak. Mining benefits everyone by giving actual value to the currency which would otherwise be worthless. Proof of work (mining) cryptos are the only cryptos that hold any real value because they require an input of real world value to be created. All others cryptos (and paper money for that matter) are merely speculation, speculation creates large bubbles and large bubbles get people reckd. Mining cryptos creates a store of value similar to mining gold or silver, the main difference being that gold and silver is tangible and useful for things other than value transfer while cryptos are designed to do just that, and they do it well.
 Quoting: Anonymous Coward 54910717


you have just confused 'value transfer' with value
Anonymous Coward
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11/24/2022 08:48 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Good

Crypto mining is a huge waste of electricity
 Quoting: Anonymous Coward 84810312


I'm going to fire up my gpu right now, thank yourself for being a dolt. Dual mining etc and zil. You did this.
 Quoting: Anonymous Coward 54910717


go for it, bongo boy.

1 million other miners trying to get the remaining 1.9 million coins over the next 100 years.

learn to math.

.
Anonymous Coward
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11/24/2022 08:52 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Just last year, from the New York Times:

A Bitcoin Boom Fueled by Cheap Power, Empty Plants and Few Rules

[link to www.nytimes.com (secure)]
Anonymous Coward
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11/24/2022 08:52 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Just last year, from the New York Times:

A Bitcoin Boom Fueled by Cheap Power, Empty Plants and Few Rules

[link to www.nytimes.com (secure)]
Anonymous Coward
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11/24/2022 08:54 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Hochul is a Commie Traitor who needs to be tried for her crimes.
Anonymous Coward
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11/24/2022 08:58 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Mining bitcoin has become unprofitable right now anyway.

some miners are abandoning their equipment because of this.

when miners stop mining the hash rate drops and the mathematical equations that need to be solved get easier and it allows more low-level miners to get in.

bitcoin was designed for this.
Anonymous Coward
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11/24/2022 09:21 AM
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Re: Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
Mining bitcoin has become unprofitable right now anyway.

some miners are abandoning their equipment because of this.

when miners stop mining the hash rate drops and the mathematical equations that need to be solved get easier and it allows more low-level miners to get in.

bitcoin was designed for this.
 Quoting: Anonymous Coward 79831996


HAHAHA.

YEAH that's what they say.

lmao





GLP