New York Postpones a Decision on Permits for a Bitcoin Miner’s Power Plant.
New York State has postponed a decision on whether to permit operations at a Bitcoin mining power facility to continue.
The conclusion by the Department of Environmental Conservation on the Greenidge Generation Holdings Inc. project will now be made by March 31, two months later than initially planned. According to a spokesman, the delay will “allow DEC to complete its ongoing review of the approximately 4,000 public comments” on the topic.
Environmentalists and the cryptocurrency sector have been monitoring Greenidge’s proposal for clues as to whether New York would allow Bitcoin mining operations at hundreds of idle power stations around the state.
Climate activists have attacked the process for consuming as much electricity as whole countries, although mines are typically powered by clean energy and can support the development of new green energy sources.
Greenidge requested to renew its licences for the Dresden facility last year, the first time it has been up for review since it has been operating a Bitcoin mine. The firm stated on Friday that it was pleased to agree to the extension and that it is operating in accordance with its current permission.
In December, U.S. Senator Elizabeth Warren wrote to Greenidge, questioning the firm about the impact of its operations on climate change, the local ecology, and electricity pricing. Greenidge, which is owned by private equity company Atlas Holdings LLC, claims to be carbon-neutral in its activities.
Bitcoin miners are made up of thousands of computers that do difficult computations in order to keep the cryptocurrency’s network running smoothly, with successful miners rewarded with the precious virtual currency.
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Patrick
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New York Postpones a Decision on Permits for a Bitcoin Miner’s Power Plant.
New York State has postponed a decision on whether to permit operations at a Bitcoin mining power facility to continue.
The conclusion by the Department of Environmental Conservation on the Greenidge Generation Holdings Inc. project will now be made by March 31, two months later than initially planned. According to a spokesman, the delay will “allow DEC to complete its ongoing review of the approximately 4,000 public comments” on the topic.
Environmentalists and the cryptocurrency sector have been monitoring Greenidge’s proposal for clues as to whether New York would allow Bitcoin mining operations at hundreds of idle power stations around the state.
Climate activists have attacked the process for consuming as much electricity as whole countries, although mines are typically powered by clean energy and can support the development of new green energy sources.
Greenidge requested to renew its licences for the Dresden facility last year, the first time it has been up for review since it has been operating a Bitcoin mine. The firm stated on Friday that it was pleased to agree to the extension and that it is operating in accordance with its current permission.
In December, U.S. Senator Elizabeth Warren wrote to Greenidge, questioning the firm about the impact of its operations on climate change, the local ecology, and electricity pricing. Greenidge, which is owned by private equity company Atlas Holdings LLC, claims to be carbon-neutral in its activities.
Bitcoin miners are made up of thousands of computers that do difficult computations in order to keep the cryptocurrency’s network running smoothly, with successful miners rewarded with the precious virtual currency.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
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