Skip to content
The Crypto Wrap
TwitterHomepage

Crypto industry finds itself in the thick of local fights over greenhouse gas emissions

Greenidge generation, Ambitious carbon, Thursday, Professor, Means, Made, Spreading like, Debate, Digital currencies like bitcoin, Little backyard mines1 min read

Upstate New York officials decide not to renew an air permit for a coal-fired power plant. The plant burns fossil fuels to mine for digital currencies like bitcoin. New York has among the most ambitious carbon-reduction goals in the country. A crypto mining industry is also fighting a two-year statewide moratorium on repurposing fossil-fuel burning plants for crypto mining. Activists say they don't want to see this continue to be a town-by-town fight, but a broader moratorium isn't necessary, a crypto industry expert says.“These cryptocurrency miners are spreading like a cancer across the United States’s borders,” a local activist says, “They’re not the little backyard mines we saw perhaps four or Source

© 2022 by The Crypto Wrap. All rights reserved.
Theme by LekoArts