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 deal with cryptocurrency mining and the consequences it has on the surroundings.
Teams referred to as on Hochul and the Division of Environmental Conservation (DEC) to problem a statewide moratorium on Proof-of-work cryptocurrency mining till an environmental assessment is carried out.
Proof-of-work cryptocurrency is a sort of cryptocurrency, generally utilized in Bitcoin, that’s the most vitality intensive of the varied sorts of cryptocurrency mining. Reporting has uncovered that, globally, this follow consumes extra energy than some complete nations.
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 stated how Greenidge poses a risk to the surroundings, particularly a risk to the local weather and water high quality. Audio system stated the emissions on the facility is method too excessive and the vitality utilization is inflicting the temperature of Seneca Lake to rise.
“We imagine that is the highest environmental problem dealing with our nice state,” stated Yvonne Taylor, Vice President of Seneca Lake Guardian.
Greenidge launched an announcement a number of hours after the press convention.
“Our critics make quite a lot of claims of destructive impacts that don’t maintain up after scrutiny. That is New York; now we have extremely tight environmental laws. Each ecological influence is rigorously tracked, measured, and publicly cataloged – but our critics can’t level to a single piece of knowledge to help their claims of injury to the area,” stated Greenidge.
Greenidge stated their air allow is within the means of being renewed.
Taylor stated 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.