Tough Time for Miners: NY Passes Moratorium; Riot Blockchain Sells More Bitcoin

Jun 3, 2022

Miners are facing new headwinds amid the market downturn. Riot Blockchain (RIOT) is unloading more than half of the bitcoin it mined in May. Separately, the New York State Senate passed a bitcoin mining moratorium, barring new proof-of work (PoW) mining operations powered by carbon-based energy sources for two years.

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