New York business asks governor to reject crypto mining license

A group of local businesses asked New York Governor Kathy Hochul to refuse permission to transform an old fossil fuel power plant in New York City into an encrypted mining center.The form of the request is Lightr Signed by many organizations, companies, and labor groups.

The letter called for an environmental assessment of the proof-of-work cryptocurrency mining in New York State, and also urged Governor Hochul to refuse permission to convert the Greenidge Power Station and Fortistar North Tonawanda Power Station into cryptocurrency mining facilities:

“The workload is proof that cryptocurrency mining uses a lot of energy to power the computers needed to do business-if this activity is expanded in New York, it could severely undermine New York’s climate goals under the Climate Leadership and Community Protection Act.”

The proposal emphasizes the inefficiency of PoW certification and suggests that re-powering discontinued fossil fuel power plants would “seriously endanger the state’s progress in reducing greenhouse gas (GHG) emissions and meeting its requirements.”

These companies also quoted Basil Seggos, commissioner of the New York State Department of Environmental Protection, who said, “Greenidge has not shown compliance with New York’s climate laws.”

The letter cited the need for a comprehensive environmental assessment related to greenhouse gas emissions and asked Hochul’s government to deny the Title V air permits of these two fossil fuel facilities.

related: With the relocation of Chinese crypto miners, Russia considers new energy tariffs

On the other side of the world, Russian authorities are planning to levy special electricity charges for recently displaced Chinese cryptocurrency miners.

On October 13, Russian Energy Minister Nikolai Shurginov proposed a new energy consumption framework to distinguish tariffs between general use and cryptocurrency mining, and pointed out:

“We cannot let miners take advantage of this situation at the expense of lower residential electricity prices.”

According to research by the New York Digital Investment Group (NYDIG), Bitcoin (Bitcoin) Energy consumption will remain below 0.5% The global total for the next ten years. The study also shows that Bitcoin’s carbon footprint will depend on fluctuations in Bitcoin price, mining difficulty, and energy consumption.