Home Cryptocurrency News 2021 surroundings in assessment: The cryptocurrency mining debate

2021 surroundings in assessment: The cryptocurrency mining debate

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Protests in opposition to Greenidge Era’s plans to broaden its Bitcoin mining operation on Seneca Lake morphed right into a statewide challenge in 2021. (Vaughn Golden/WSKG)

WSKG is having a look again at among the most urgent environmental points from the previous 12 months and the way they might transfer ahead in 2022.

VESTAL, NY (WSKG) —  A debate over cryptocurrency mining on Seneca Lake become a broader check of New York state’s local weather regulation. That check is more likely to come to a head in 2022.

After a failed attempt on the tail finish of the legislature’s session in 2021, lawmakers are crafting a proposal to position a moratorium on some power intensive cryptocurrency era operations. Environmental activists are anxious about emissions from large-scale mining operations and the way that will decelerate the state’s progress at combating local weather change.

The legislative effort was largely spurred by protests over Greenidge Era, a pure gas-burning energy plant and cryptocurrency mining operation on Seneca Lake in Yates County.

Moreover, the New York DEC is contemplating whether or not to resume an air air pollution allow for Greenidge.

The environmental regulator is anxious the pure gas-burning energy plant will forestall the state from reaching its targets to scale back greenhouse fuel emissions, as enshrined beneath the Local weather Management and Neighborhood Safety Act or CLCPA.

I feel that the Greenidge web site is, you realize, has actually served as a check case for a way critical the CLCPA regulation goes to be taken by Gov. Hochul and Commissioner Seggos,” Yvonne Taylor, vice chairman of Seneca Lake Guardian, one of many earliest environmental activist teams to attract consideration to Greenidge.

Greenidge has rallied assist in response to the criticisms in opposition to it. One of many firm’s strongest allies is the state’s electrical employee’s union, the IBEW.

“These mining services will want common upkeep and upgrades because the expertise advances, creating development jobs together with these for IBEW members,” Addie Jenne, a lobbyist for {the electrical} employee’s union told a state Assembly panel earlier this yr.

The DEC’s resolution, which might be issued as early as this month, may reflect a new standard for giant emitters within the state once they apply to resume air air pollution permits.

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