Senator Liz Krueger of New York and Assemblymember Anna Kelles have introduced legislation that would impose additional taxes on cryptocurrency miners for the power they consume in their operations. It suggests that the crypto miners’ taxes will be funneled to the state’s Energy Affordability programs that cut energy costs for low- and moderate-income New Yorkers. The draft proposes a tiered excise tax, exempting companies that use 2.25 million kWh or less annually, while charging 2 cents per kWh for those using between 2.26 million and 5 million kWh. However, only crypto miners are singled out in the bill, even though AI and other advanced computing already surpass Bitcoin mining in energy consumption. The moratorium had blocked new applications or permits for power plants that burn carbon-based fuels to supply behind-the-meter electricity for proof-of-work crypto mining.