Proof-of-Work


Policy

NYC Mayor Eric Adams Wants State's Governor to Veto 2-Year Moratorium on PoW Mining: Report

The city's pro-crypto mayor plans to ask Gov. Kathy Hochul to veto the bill to stop proof-of-work mining temporarily.

New York Governor Kathy Hochul (left) and Mayor Eric Adams (Spencer Platt/Getty Images)

Markets

First Mover Asia: Ethereum’s Ropsten ‘Merge’ Prompts Mixed Analyst Sentiment; Bitcoin Is Flat

Some observers question whether Ethereum can stay relevant after switching from a proof-of-work model, but others are upbeat about the shift to a proof-of-stake design; cryptos have a mixed day.

Some analysts believe that the Ethereum Ropsten "Merge" will be more environmentally friendly. (Nattachai Sesaud/Getty Images)

Tech

Inside the Environmentalist Campaign to Change Bitcoin’s Code

Campaigners explain why they’re convinced all it takes is support from a few powerful firms and people to change the fundamentals of Bitcoin.

Bitcoin mining can soak up renewable energy that is hard to transmit or consume locally, giving a leg up to energy producers. (Yunha)

Videos

New York Senate Passes Bitcoin Mining Moratorium

The New York State Senate passed a bill targeting proof-of-work (PoW) mining in an effort to address some of the environmental concerns about cryptocurrencies. CoinDesk's Managing Editor for Global Policy and Regulation Nikhilesh De discusses the potential impact on the local crypto community and the mining industry at large.

Recent Videos

Videos

Ethereum’s Hotly Anticipated Merge and Dress Rehearsal

Ethereum is moving closer to a pivotal transition to proof-of-stake, but an unwelcome security hiccup “reorg” on the Beacon Chain rained on the Merge prep parade last week. “The Hash” hosts break down what this means for Ethereum and the wider crypto ecosystem.

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Policy

Environmental Groups Call on US Government to Implement Stringent Bitcoin Mining Regulations

Local and national activists are banding together to limit what they consider are the industry's adverse effects on the environment.

Power plant in New York (2020 Roy Rochlin/Getty Images)

Videos

Bitcoin Dips Alongside Stocks, NY Crypto Mining Bill Unlikely to Pass in State Senate

"All About Bitcoin's" Week in Review panel discusses the recent bitcoin sell-off driving the price below $36K, comparing it with the current activity in the stock market. Plus, why the New York Senate Environmental Conservation Committee will not be reviewing the proposed two-year moratorium on non-renewable proof-of-work mining, and Q1 earnings reports from crypto mining firms like Argo and Marathon Digital. 

Recent Videos

Policy

The NY Mining Moratorium’s Odds Just Got a Lot Worse

The Senate Environmental Conservation Committee won't consider the controversial bill, according to a schedule released Thursday.

Cryptocurrency mining rigs sit on racks. (James MacDonald/Bloomberg via Getty Images)

Opinion

The Scarcity Mindset Driving Crypto's Energy Critics

The DeFi Education Fund weighs in on the New York state legislature's attempt to curb proof-of-work mining, and dreams of energy abundant future.

A digital tree. (Daniel Kuhn/CoinDesk)

Policy

Crypto Mining Moratorium Faces Stiff Headwinds in Albany

The New York State Assembly voted to pass the bill last week, but a fresh wave of opposition from industry and lawmakers alike could make the Senate battle much more difficult.

New York's state Capitol building in Albany (Getty Images/Larry Lee Photography)