• By The Financial District

Bitcoin Mining New York Power Plant Enrages Environmentalists

An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency.


Photo Insert: The Greenidge power plant in New York has environmentalists seeing red.



One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant, Michael Hill reported for the Associated Press (AP).


Greenidge Generation runs a once-mothballed plant near the shore of Seneca Lake in the Finger Lakes region to produce about 44 megawatts to run 15,300 computer servers, plus additional electricity it sends into the state’s power grid.



The megawatts dedicated to Bitcoin might be enough electricity to power more than 35,000 homes. Proponents call it a competitive way to mine increasingly popular cryptocurrencies, without putting a drain on the existing power grid.


Environmentalists see the plant as a climate threat. They fear a wave of resurrected fossil-fuel plants pumping out greenhouse gasses more for private profit than the public good. Seeing Greenidge as a test case, they are asking the state to deny renewal of the plant’s air quality permit and put the brakes on similar projects.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

“The current state of our climate demands action on cryptocurrency mining,” said Liz Moran of Earthjustice.


“We are jeopardizing the state’s abilities to meet our climate goals, and we set the stage for the rest of the country as a result.”


Government & politics: Politicians, government officials and delegates standing in front of their country flags in a political event in the financial district.

A large coalition of environmental groups and other organizations this week asked Gov. Kathy Hochul to deny the air permit for Greenidge and to take a similar action to keep an existing plant near Buffalo from becoming a mining site.


The coalition wants Hochul to set a “national precedent” and enact a statewide moratorium on the energy-intensive “proof-of-work” cryptocurrency used by bitcoin miners.



WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic



Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat