Senator Moffitt filed cryptocurrency mining bill for Henderson, Polk, Rutherford counties – WSOC TV
RALEIGH, N.C. — A new bill hopes to ban cryptocurrency mining in three North Carolina counties.
[ MORE: Binance founder Changpeng Zhao sentenced to 4 months for allowing money laundering ]
Crypto mining is a process that verifies Bitcoin transactions and generates coins.
State Senator Tim Moffitt represents all three counties and filed the bill.
It requires huge data centers that draw tons of electricity to operate.
The bill will impact Henderson, Polk, and Rutherford counties.
(WATCH BELOW: Buyer pays $654K in cryptocurrency for first home sold as NFT in the U.S.)
This browser does not support the video element.