Think of it this way ... did China banning bitcoin mining there help them or hurt them?

You obviously know a lot more about this than me. It seems like it will hurt NY much more than it will hurt bitcoin.

siggy47

. As a veteran miner can confirm irrelevant to the #bitcoin network BUT may affect NY's bottom line & (ironically) ability to reach CO2 targets. Increasingly mining used as a way to balance grid load efficiency enabling investment into renewables.

https://twitter.com/KenzieSigalos/status/1532605083669651459

bitcoin

New York just passed a bill cracking down on bitcoin mining — here's everything that's in it

A pretty decent conclusion:

> Great article by [@KenzieSigalos](https://Twitter.com/KenzieSigalos). As a veteran miner can confirm irrelevant to the #bitcoin network BUT may affect NY's bottom line & (ironically) ability to reach CO2 targets. Increasingly mining used as a way to balance grid load efficiency enabling investment into renewables.
>
> https://twitter.com/KenzieSigalos/status/1532605083669651459

https://twitter.com/JasonADeane/status/1532661575479398400