From 2017-2019, before the Greenidge plant began its cryptomining operation, its annual carbon emissions were about 160,000 tons. In the first year of mining in 2020, emissions increased to more than 400,000 metric tons.
Despite the wait, Finger Lakes resident and activist Yvonne Taylor said she would still be “popping bubbly” to celebrate the victory after more than a year of fighting its air permit renewal.
The 20,000-computer farm operates continuously, solving complex algorithms that release new pieces of Bitcoin. The site was formerly a coal plant that was shut down in 2011. Atlas Holdings LLC, a Connecticut-based investment company, bought the decommissioned facility and invested $100 million in converting it to natural gas, roughly equal to the value of the Bitcoin it mined last year.
In the second year, emissions jumped again – more than 20%, totaling more than 500,000 metric tons of greenhouse gases being released every year into the air. “We believe there is no credible legal basis whatsoever for a denial of this application because there is no actual threat to the CLCPA from our renewed permit,” Greenidge wrote to Gothamist in a statement via email. “It is not, and cannot be transformed into a politically charged cryptocurency permit.”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New York denies permit renewal for bitcoin mining company, calling it threat to state's climate goalsNew 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.
Weiterlesen »
New York sues 10 gun distributors for allegedly flooding streets with ghost gunsTen gun distributors sold tens of thousands of illegal, unfinished frames and receivers later fashioned into untraceable handguns and assault-style rifles in violation of a New York public nuisance law, a new lawsuit alleges.
Weiterlesen »
Bitfarms' bitcoin mining revenue fell roughly 40% in JuneBitcoin miner Bitfarms made 40% less in revenues during June, while mining only 2.6% fewer bitcoins.
Weiterlesen »
Feds: Arizona could face lawsuit over voter ID lawA new state law requiring proof of citizenship to vote for president violates the 1964 Voting Rights Act, a notice sent the state says.
Weiterlesen »
New York approves gun law requiring buyers to provide social media handlesNew York passed a new gun bill Friday after the Supreme Court ruled last week that most residents have a constitutional right to obtain a concealed carry permit.
Weiterlesen »
Bitcoin mining revenues fell by over 26% in JuneBitcoin mining revenues were $668 million in June — a 26.3% drop from the previous month.
Weiterlesen »