Home Cryptocurrency News Torrey Board To Consider Greenidge Cryptocurrency Plan Monday

Torrey Board To Consider Greenidge Cryptocurrency Plan Monday

4 min read

ENDWELL, NY (WSKG) — The destiny of Greenidge Technology’s plan to increase cryptocurrency mining operations at its energy facility alongside Seneca Lake can be determined by the City of Torrey Planning Board Monday.

A view of the Greenidge Generation plant with steam billowing from one of two cooling towers

Environmentally centered advocacy teams are opposing the growth of a bitcoin mining operation alongside Seneca Lake simply exterior the City of Dresden. (Vaughn Golden/WSKG)

Environmental advocates have been pushing back against the proposal, which they allege will lead to elevated greenhouse fuel emissions by the plant and different detrimental impacts.

“It’s a choice that the city ought to actually take severely and but we’re afraid that they’re about to approve the location plan for this facility and as soon as Pandora’s field is open, you won’t be able to get the lid again on,” Yvonne Taylor, vp of Gasoline Free Seneca informed WSKG.

Greenidge converted the former coal plant to pure fuel in 2017, and put in its first equipment to “mine’ Bitcoin a yr later utilizing extra energy generated on the facility. Now, they need to increase that operation, including 4 out buildings geared up with mining rigs.

Michael McKeon defended the plant, asserting that it’s inside permits and laws set by the DEC and EPA.

“It’s all the time going to be inside the permitted limits,” McKeon mentioned of the plant’s operations. “It’s all the time going to be in compliance with the environmental guidelines and laws that we’ve to comply with. And, it’s going to be finished in a approach that’s protecting of the lake always.”

Monday’s Planning Board assembly is ready for 7:00 p.m. on the city places of work at 56 Geneva Road, Dresden.

Source link

Leave a Reply

Your email address will not be published.

20 − seventeen =

Check Also

Tesseract Earn Brings DeFi & Yield Products to Crypto Companies – The Block Crypto

Tesseract, an EU –based mostly cryptocurrency credit score innovator specializing in insti…