A bitcoin operation in central New York has taken over a power plant to find cheap energy for currency mining in a move that has alarmed environmentalists.
Smokestacks from the Greenridge Generation power plant tower above nearby homes, Friday, Oct. 15, 2021, in Dresden, N.Y. One Bitcoin mining operation in central New York came up with a novel solution in finding cheap energy to run the power-gobbling computer arrays that create and transact cryptocurrency: It took over Greenidge Generation which now produces about 44 megawatts to run 15,300 computer servers, plus additional electricity it sends into the state's power grid.
“For decades, this region has been told it would see new industries and opportunities,” Greenidge said in a prepared statement. “We are actually making it happen, and doing it fully within the state’s nation-leading high environmental standards.” Greenidge says mining was not part of the plan when the plant came back online and note they continue to provide power to the grid. From January through June, Greenidge said it used 58% of its power for mining.
Opponents claim the plant undercuts the state’s efforts to dramatically slash greenhouse gas emissions in the coming decades under its 2019 climate law. Around the country, there are other power plants being used for cryptocurrency mining under different types of arrangements.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The NY Social Bee Guide To New York City’s Best Nightlife And PartiesA familiar face on the NYC club circuit for the past decade, Terence Edgerson aka NY Social Bee is now making his mark as a driving force behind the city’s parties. We caught up with him to learn more about his career, his favorite parties, and hopes for the future of NYC nightlife.
Read more »
Longtime New York-Based Manager Jenevieve Brewer DiesJenevieve Brewer, who founded her Jenevieve Brewer Talent Management in 2015, has passed away. She was an agent at About Face Talent for 10 years and a manager at Terrific Talent before setting out…
Read more »
Former U.S. President Clinton leaves hospital, will return to New YorkFormer U.S. President Bill Clinton walked out of a Southern California hospital on Sunday after being admitted last week for a urological infection, live video showed.
Read more »
Italy reports 24 new coronavirus deaths, 2,437 new casesItaly reported 24 coronavirus-related deaths on Sunday, up from 14the previous day, the health ministry said, while the daily tally of new infections fell to 2,437 from 2,983.
Read more »
New York's likely new mayor plans to preserve gifted programThe Democrat who will likely become New York City’s next mayor says he does not intend to get rid of the city’s program for gifted and talented students.
Read more »
Jennifer Lopez and Ben Affleck Dressed Like the Fall Power Couple They Are in New York CityTheir fall date style is so good.
Read more »