New York Democrats Introduce Related Legislation Aiming at Proof-of-Work Mining

Simply put Assembly Bill 9138, introduced in the New York State Assembly recently, proposes a tax for proof-of-work miners based on their electricity usage, ranging from 2 to 5 cents per kWh. A related bill, Senate Bill 8518, aims to direct the tax revenue towards New York City’s energy affordability program for those with lower […]