New York officials rule against bitcoin-mining power plant
— Began bitcoin mining, Shut, Computational process, Plunged, Covers new applications, Open, Current electricity needs, Pleased, Officials, Carbon offsets — 1 min read
New York denied required air permit renewals to a bitcoin-mining power plant on the grounds it was a threat to the state’s climate goals. A majority of the electricity produced by the plant is now used to run more than 15,000 computer servers for bitcoin mining, which guzzles massive amounts of electricity. The company said it would continue operating under its current permit while it challenged the decision. The decision comes as Gov. Kathy Hochul is deciding whether to sign into law a two-year moratorium on new and renewed air permits for fossil fuel power plants used for proof-of-work mining. Greenidge Generation said even if the plant ran at full capacity, its potential emissions equate to 0.23% of the state's greenhouse gas emissions reduction target for 2030. Source