Environmentalists Go to the DEC’s Doorstep, Demand for Regulations on Cryptocurrency Mining

UPDATE: Cuomo Addresses Bitcoin Mining: “There Are Serious Concerns The fight to regulate energy-intensive cryptocurrency mining in New York reached the DEC’s front door on Saturday. Close to two-hundred people rallied outside one the DEC’s  regional headquarter offices, located in Avon, NY. As 2021’s last legislative session nears it’s close on June 10th, ralliers were…

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Environmentalists Rally Against Greenidge Expansion, State Lawmakers Take Notice

Environmental activists and concerned citizens rallied on Saturday, opposing Greenidge Generation’s expansion plans and gaining the attention of state lawmakers. Greenidge Generation is in the town of Torrey on Seneca Lake. The company operates a gas-fired power plant, mining bitcoin on an industrial scale. Bitcoin mining is energy intensive, and the cheaper the electricity, the…

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Cryptocurrency Mining, An Emerging and Unregulated Industry?

Greenidge Generation LLC is a natural gas power plant that’s mining cryptocurrency on an industrial scale, and Greenidge aims to expand its operations.  The last round of government approval needed to give the greenlight to Greenidge’s expansion, is the Torrey Town Planning board. Torrey is a small, rural town in the heart of the Finger…

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Schuyler County Tables Vote on Cryptocurrency Mining Resolution, Crypto Operations Inquire into Watkins Glen

Cryptocurrency mining has become an issue of ongoing discussion in the Finger Lakes. On Monday night, the Schuyler County Legislature reviewed a resolution asking the DEC to develop regulations around cryptocurrency mining. But, they chose to table the vote until next month’s meeting Legislators said they felt like they needed more time to research cryptocurrency…

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Greenidge Generation, From Peaker Plant to Mining Bitcoin

Greenidge Generation LLC operates a natural gas power plant near the shore of Seneca Lake, that has evolved into a bitcoin mining operation. Greenidge’s parent company now boasts that it’s the first bitcoin mining operation with it’s own in-house energy supply being publicly traded on the stock market, but they have attracted the scrutiny of…

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