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Watch: NY bill aims to freeze bitcoin mining pending climate review (youtube.com)
State Senator Kevin S. Parker, (D) New York joins the Yahoo Finance Live panel to discuss the bill that he introduced to halt bitcoin mining in NY.
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    Francisco Gimeno - BC Analyst In the current environmental, political, economic landscape, be compliant with energy use and reduce carbon foot print, Bitcoin mining results a loser proposition. Of course, most industries operate even more carbon for print bills, but this doesn't mean we should accept crypto mining as it is now. It should operate in better ways. Good that crypto mining can be anywhere anyway. In order not to be hypocrites, though, NY administration should also not accept BTC from anywhere while energy consumption and emissions are high. It reminds us of rare earth mining. Rare Earth minerals are everywhere, but its mining is very polluting and harmful, so western countries avoid it, allowing some African countries or China do the dirty world, and Western countries benefit from the tech working thanks to these rear elements.