ALBANY, N.Y. (NEWS10) — A number of organizations and teams are calling on Governor Kathy Hochul to stop cryptocurrency mining in New York. A press convention was held October 13 on the State Capitol to handle cryptocurrency mining and the consequences it has on the atmosphere.
Teams referred to as on Hochul and the Division of Environmental Conservation (DEC) to difficulty a statewide moratorium on Proof-of-work cryptocurrency mining till an environmental overview is performed.
Proof-of-work cryptocurrency is a kind of cryptocurrency, generally utilized in Bitcoin, that’s the most power intensive of the assorted sorts of cryptocurrency mining. Reporting has uncovered that, globally, this follow consumes extra energy than some complete international locations.
The press convention was held the identical day as DEC’s listening to on the air high quality allow for the Greenidge Producing Station, a present cryptocurrency mining operation. Teams urge for the denial of the allow.
Audio system mentioned how Greenidge poses a risk to the atmosphere, particularly a risk to the local weather and water high quality. Audio system mentioned the emissions on the facility is manner too excessive and the power utilization is inflicting the temperature of Seneca Lake to rise.
“We imagine that is the highest environmental difficulty going through our nice state,” mentioned Yvonne Taylor, Vice President of Seneca Lake Guardian.
Greenidge launched a press release a number of hours after the press convention.
“Our critics make quite a lot of claims of adverse impacts that don’t maintain up after scrutiny. That is New York; we have now extremely tight environmental laws. Each ecological impression is fastidiously tracked, measured, and publicly cataloged – but our critics can’t level to a single piece of information to help their claims of harm to the area,” mentioned Greenidge.
Greenidge mentioned their air allow is within the strategy of being renewed.
Taylor mentioned a letter is being despatched to Hochul with over 600 signatures from environmental organizations, faith-based teams, labor unions and companies to disclaim Greenidge the cryptocurrency mining allow.
You’ll be able to watch the full press conference on Twitter.
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