|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 07, 2021||referred to energy and telecommunications|
senate Bill S6584
Current Bill Status - In Senate Committee Energy And Telecommunications Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6584 (ACTIVE) - Details
S6584 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6584 REVISED 05/26/2021 SPONSOR: PARKER TITLE OF BILL: An act directing the New York state energy research and development authority to conduct a study on powering cryptocurrency mining centers with renewable energy PURPOSE OR GENERAL IDEA OF BILL: Directs the New York state energy research and development authority to conduct a study on powering cryptocurrency mining facilities with renew- able energy. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Directs NYSERDA to conduct study, provides definitions, provides what the study shall include, and whom shall the report be delivered to.
S6584 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6584 2021-2022 Regular Sessions I N S E N A T E May 7, 2021 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT directing the New York state energy research and development authority to conduct a study on powering cryptocurrency mining centers with renewable energy THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. a. The state energy research and development authority is hereby directed to conduct a study on powering cryptocurrency mining centers in New York state. b. For purposes of this act: (i) "cryptocurrency" shall mean a digital currency in which encryption techniques are used to regulate the generation of units and currency and verify the transfer of funds, operating independently from a central bank; (ii) "mining" shall mean the process of spending computer power to process transactions and add such transactions to a cryptocurrencies' blockchain; (iii) "blockchain" shall mean a digital ledger in which transactions made in cryptocurrencies are recorded chronologically and publicly. c. The study shall include, but not be limited to: (i) a survey of existing cryptocurrency mining centers in New York state, and whether and to what extent such centers are powered by renew- able energy; (ii) an evaluation of the economic and technical feasibility of power- ing all cryptocurrency mining centers in the state with renewable energy and the construction of additional facilities powered by renewable ener- gy; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11239-01-1
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