https://wskg.org/environmental-regul...rrency-mining/
Quote:
The New York State Department of Environmental Conservation denied the renewal of permits for the Greenidge Generation power plant in Yates County Tuesday, after months of protest over the facility’s cryptocurrency mining operation.
In a 20-page ruling, the DEC maintained its previous position that the facility did not comply with New York’s statutory climate goals, which stipulate that all energy generation facilities, like Greenidge, be zero-emissions by 2040.
“It was fairly clear that the emissions increases and changes of the nature of the facility gave us no reason to approve it, so today we denied that application,” DEC Commissioner Basil Seggos told WSKG Thursday...
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Is there some Bitcoin price below which (e.g., $20,000) it no longer pays to operate a massive power plant to mine them?
06-30-2022, 11:02 PM
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