04/10/2024 | Press release | Distributed by Public on 04/10/2024 13:17
Notice of Availability of Final Scope
Statewide - The New York State Department of Environmental Conservation (NYS DEC), as lead agency, has made the Final Scope for the proposed Cryptocurrency Mining Operations that use Proof-of-Work Methods available. The Final Scope is available from the contact listed below and on line at: https://dec.ny.gov/environmental-protection/climate-change/statutes-reg…;
Chapter 628 of the Laws of 2022 (also referred to as "the cryptocurrency mining law" or "the cryptocurrency moratorium") directs the NYS DEC, in consultation with the New York State Department of Public Service (NYS DPS), to prepare, pursuant to Article 8 of the Environmental Conservation Law (ECL), a Generic Environmental Impact Statement (GEIS) on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions. The GEIS will consider several potentially significant impacts of these operations pursuant to section 3 of the law.