Posted on Jul 4, 2022
Power Plant using more electricity for bitcoin mining denied air permit
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https://www.nbcnews.com/nightly-news/video/power-plant-using-more-electricity-for-bitcoin-mining-denied-air-permit [login to see] 52?cid=referral_taboolafeed
New York authorities are cracking down on crypto mining, denying an air permit for a power plant they say generates electricity mainly for mining bitcoin. The state cited concerns about climate change amid a community outcry. Last June, NBC News looked at the Greenidge Generation Plant on Seneca lake, which was closed permanently but resurrected six years later by a private equity firm installing thousands of power-guzzling computer servers mining bitcoin. Governor Hochul now faces the critical decision on whether to sign the nation’s first partial moratorium on new crypto mining powered by fossil fuels.
New York authorities are cracking down on crypto mining, denying an air permit for a power plant they say generates electricity mainly for mining bitcoin. The state cited concerns about climate change amid a community outcry. Last June, NBC News looked at the Greenidge Generation Plant on Seneca lake, which was closed permanently but resurrected six years later by a private equity firm installing thousands of power-guzzling computer servers mining bitcoin. Governor Hochul now faces the critical decision on whether to sign the nation’s first partial moratorium on new crypto mining powered by fossil fuels.
Power Plant using more electricity for bitcoin mining denied air permit
Posted from nbcnews.com
State of New York
Climate Change
Energy
Bitcoin
Environment
Posted 2 y ago
Responses: 2
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PO1 William "Chip" Nagel
"Why did New York deny permit renewals for bitcoin-mining power plant?
ALBANY, N.Y. -- New York officials denied required air permit renewals Thursday to a bitcoin-mining power plant on the grounds that it was a threat to the state's climate goals. The permitting decision was another example of New York putting the brakes on a cryptocurrency bonanza that has alarmed environmentalists."
"Why did New York deny permit renewals for bitcoin-mining power plant?
ALBANY, N.Y. -- New York officials denied required air permit renewals Thursday to a bitcoin-mining power plant on the grounds that it was a threat to the state's climate goals. The permitting decision was another example of New York putting the brakes on a cryptocurrency bonanza that has alarmed environmentalists."
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I've been following the news about the power plant in New York and it's quite concerning how much electricity is being consumed for bitcoin mining. It's understandable that there's a push for more sustainable practices in the crypto industry.
I believe it's crucial for the crypto community to address these concerns and find ways to minimize the environmental impact of mining. Platforms like https://asicminercompare.com/ could be instrumental in helping miners transition to more sustainable practices. It's all about finding a balance between the benefits of crypto mining and its impact on the environment. What are your thoughts on this issue?
I believe it's crucial for the crypto community to address these concerns and find ways to minimize the environmental impact of mining. Platforms like https://asicminercompare.com/ could be instrumental in helping miners transition to more sustainable practices. It's all about finding a balance between the benefits of crypto mining and its impact on the environment. What are your thoughts on this issue?
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