New York Bitcoin Mining system with a fine of $ 10,000 a day occupied

New York Bitcoin Mining system with a fine of $ 10,000 a day occupied

Us Bitcoin Corp-a North American Bitcoin mining company-was instructed by a judge of the highest state to hire the company or to have to reckon with penalties of $ 10,000 a day.

If the miner continues to work by the end of January, the fine increases to $ 25,000 a day.

US-bitcoin under fire

as reported from the losingport journal on Thursday, the order of judge Edward Pace is a consequence of the temporary decision on December 1st by judge Frank Sedita III.

The latter judiciary tried to prevent the company from acting, since the case applied for an injunction to force the company to meet zone laws for energy-intensive industries. The city accused the mining facility in Buffalo Avenue to have violated these laws and created "a public annoyance".

According to the pace, the fine of $ 10,000 will apply until January 31. In an interview with John P. Bartolomei, a lawyer for US Bitcoin, she added that the fine will increase to $ 25,000 a day after the case is fully settled. Bartolomei protested against this judgment and said that he would appeal to the fourth department of the appeal department of the Supreme State Court.

"If until January 31 (the operation for the mining of cryptocurrencies) was not stopped, a check for $ 540,000 should be delivered to the city of Niagara Fall on February 1st," said Pace. The payments of $ 540,000 make a penalty of $ 10,000 every day from December 9th to January 31st.

New York's mining

Despite its historical popularity as a location for Bitcoin mining, the regulation of the industry in the state of New York was not particularly inviting.

In November, state governor Kathy Hochul signed a moratorium that ends the use of fossil fuels in the region in the region. The measure was primarily taken to achieve the country's economic development and climate goals. According to the company website us bitcoins system in Niagra if 90 % is operated with emission-free electricity-but has not even satisfied the lawyers from the Fall.

The Mayor of New York City, Eric Adams, a cryptobull, previously said that he was against Bitcoin mining. However, he later promised governor Hochul to a veto against the law to prohibit mining based on fossil fuels, out of concern for the future growth of the industry.

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