bitcoin

The cryptocurrency power plant is mining Bitcoin in record numbers, while an appeal process drags on over a denied environmental permit.

It’s been nearly six months since the moratorium, aimed at protecting the environment, passed the state legislature.

Climate experts fear that if the cryptocurrency mining moratorium is not signed by the governor soon, heavily polluting power plants that were once shuttered will go back online.

Greenidge Generation, a cryptocurrency farm housed in a natural gas plant, has remained open while it appeals a denied air permit. It now faces questions around its water permit and its potential destruction of aquatic wildlife.

Greenidge Generation, the natural gas-fueled facility, is supposed to close under the decision. But its owners plan to keep operating, as they fight for an appeal.

Two Cornell University researchers showed Monday that much of the review could be conducted in less than a week with free online tools.

Since spring 2020, the Greenidge Generation natural gas plant in Dresden has powered a 24-7 bitcoin mining operation that is endangering the region environmentally, according to some residents.

Bitcoin is on pace to consume about as much electricity this year as all the homes in the mid-Atlantic states. Most of this energy comes from non-renewable sources.

Three would-be crypto-millionaires who attempted an alleged kidnapping involving a fake Uber driver and a volatile digital currency were indicted on Tuesday.

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