New York Environmental Regulators Deny Permit to Bitcoin Miner Greenidge

New York Environmental Regulators Deny Permit to Bitcoin Miner Greenidge

New York Environmental Regulators Deny Permit to Bitcoin Miner Greenidge By DailyBitcoin Editor

Greenidge Generation has been in trouble with environmentalists for its use of fossil fuels to power its mining operation Bitcoin at Seneca Lake in New York.

***

  • NYSDEC Denied Greenidge Generation’s BTC Mining Operation Request
  • Says the company is polluting
  • The company has one month to challenge and will

The New York State Department of Environmental Conservation (NYSDEC) denied the mining operation’s request for Bitcoin Greenidge Generation to renew a permit required to continue operating in New York. She did it through a letter dated yesterday.

Regulators said Greenidge’s request was inconsistent with climate goals set by the Climate Leadership and Community Protection Act (CLCPA) of the state, which aims to reduce New York’s greenhouse gas emissions by at least 85% by 2050.

The decision comes on the same day the US Supreme Court ruled against the Environmental Protection Agency (EPA), deciding that the Clean Air Act, the most powerful anti-air pollution law in the country, does not give the federal agency authority to regulate greenhouse gas emissions from power plants. The decision limits federal authority to address climate goals, leaving them in the hands of individual state authorities.

Greenidge and pollution

As explained Coindesk, Greenidge has come under fire from environmentalists for its use of fossil fuels to power its mining operation. proof of work (pow) at Seneca Lake in upstate New York. In his rejection letter to greenridge, the NYSDEC cited the “dramatic” increase in greenhouse gas emissions of the Dresden-based facility since the Climate Law came into force. The plant runs on natural gas, although it was originally a coal-fired facility before the parent company of Greenidge, Atlas Holdings, will refurbish it.

See also  Bitcoin mining leaves footprint on half of the Earth's surface: Nature magazine

This is how the body’s rejection letter ends: “The Department denies the Facility Application pursuant to Section 621.10(a)(2) of 6 NYCRR, Greenidge has the right to request an administrative adjudication hearing regarding the denial of this Application. Pursuant to this provision, any request for a hearing must be made in writing within thirty (30) days of the date of this letter.”

Greenidge will contest

In a statement shared with Coin Desk, Greenidge He said the decision did notwould have no impact on our current operations in Dresden”. The company said it will continue to operate under its current permit, which is still in place, “for as long as it takes to successfully challenge this arbitrary and capricious decision.”

New York Governor Kathy Hochul tweeted:

“As the Supreme Court rolls back the federal government in the fight against climate change, New York will continue to lead. I applaud NYSDEC’s decision, which will stop further increases in greenhouse gas emissions at Seneca Lake.”

missing signature

Hochul has yet to sign the bill passed by the New York State Legislature that would impose a two-year moratorium on certain types of crypto mining operations.

See also  USA: Historic bill to integrate crypto into the financial system will arrive next week - DiarioBitcoin

Crypto mining advocates hope that Hochul will not sign the bill and opt instead to sign a different bill sponsored by Democratic Assemblyman Clyde Vanel that would create a task force to study the environmental impacts of the cryptocurrency industry in New York.

Unions, including the International Brotherhood of Electrical Workerswhich has members employed at Greenidge’s Dresden facility, have opposed both the proposed mining moratorium and yesterday’s NYSDEC decision.

“It is a sad day in New York State, when we can waste good paying jobs in a high tech field”, wrote Mike Davis, a member of the chapter IBEW Local 840it’s a statement.

Sources: Department of Environmental Conservation, CoindeskFile, Archive

version of DailyBitcoin

Picture of unsplash

WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.

Leave a Comment

Your email address will not be published.