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.
A high schooler wrote this headline. Guess who's buying into it? 😁
ALL ORIGINAL Software/Hardware is sold by Bitmain headquartered China. [DeptofDefense The Chinese Govt doesn't want Bitmain mining in China anymore. Now they are here. Shut Them Down!
It is a certified power plant that met all the rules when it was supplying power to the grid. That is the slam on bitcoin the burning of coal
60 Minutes did this story a year ago.
Madness.
So what
Tr00peRR when are environmentalists not alarmed? it’s kind of their thing
Cool.
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