Good morning. It’s Wednesday. We’ll look at a bill on crypto-mining (and what crypto-mining is). We’ll also see how Gov. Kathy Hochul and her two Democratic challengers did in their first major debate.
Crypto interests are lobbying Gov. Kathy Hochul to veto a groundbreaking bill that would temporarily halt new crypto-mining projects at fossil-fuel burning plants.
Let’s take a moment here and do some unpacking. Crypto-mining doesn’t involve picks and shovels. It refers to a verification process that is essential to the Bitcoin economy. Computers can plug into the Bitcoin network and confirm the legitimacy of transactions. This now involves quintillions of numeric guesses a second. A quintillion is a million trillion.
In Bitcoin’s early years, crypto enthusiasts could mine from home. But as Bitcoin’s popularity surged, mining required more computing muscle, outstripping what most home computers could handle. That made mining increasingly energy intensive. Crypto companies began trying...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...