New York Governor asked to refuse permits to crypto miners

New York Governor asked to refuse permits to crypto miners

The letter requests that the governor deny Title V Air Permit to the two former fossil fuel facilities that are set to host crypto mining operations 

A letter signed by a number of business and labour organisations has been sent to New York State Governor Kathy Hochul asking her to deny permission to convert the city’s old fossil fuel plants into crypto mining operations.

The request comes days after the possibility of converting the Greenidge Generating Station and the Fortistar North Tonawanda power plants into crypto mining facilities was being considered by the authorities. 

The rising environmental concerns associated with crypto mining has forced regulators to reconsider their support of mining projects amid China’s active crackdowns to reduce and prevent the functioning of miners in the country. 

The groups which have approached the governor have urged the authorities to look into the environmental impact of Proof of Work cryptocurrency mining by highlighting that crypto mining operations would seriously jeopardise the city’s commitment to reducing its greenhouse gas emissions. 

Highlighting the inefficiency of PoW authentication, the letter stated that “Proof-of-Work cryptocurrency mining use enormous amounts of energy to power the computers needed to conduct business.”

“Should this activity expand in New York, it could drastically undermine New York’s climate goals established under the Climate Leadership and Community Protection Act,” it added. 

The letter further pointed out how New York Commissioner Basil Seggos of the Department of Environmental Conservation had declared last month that the former coal plant turned Bitcoin mine, Greenidge, had “not shown compliance with New York’s climate law”.

It demanded that any action by Hochul’s administration should be based on a full environmental assessment of the impact of converting the two fossil fuel facilities into cryptocurrency mining operations and requested that a Title V Air Permit be denied to the two facilities. 

New York Digital Investment Group (NYDIG) has concluded that Bitcoin mining accounted for as much as 0.04% of global primary energy consumption in 2020. 

The post New York Governor asked to refuse permits to crypto miners appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

  • Bitcoin
  • Ethereum
  • Tether
  • Cardano
  • Polkadot
  • Binance coin
  • Dogecoin
Scan to Donate Bitcoin to 194astnfvj2nr6izGJFwG9ebRqNU7ynQYY

Donate Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0xe5853a1d08b3ea0bb69276b0e40cdf858968d822

Donate Ethereum to this address

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Tether to 0xe5853a1d08b3ea0bb69276b0e40cdf858968d822

Donate Tether to this address

Scan the QR code or copy the address below into your wallet to send some Tether

Scan to Donate Cardano to DdzFFzCqrhsu1xWeeGai3gbgsbrFP26zPaVrCJqqF286carQJmAkTitRQSUCLhYLpKCotroRRNpKj7YcnAJQqpSfsHHdj8nUaitPvH4j

Donate Cardano to this address

Scan the QR code or copy the address below into your wallet to send some Cardano

Scan to Donate Polkadot to 155rGKVEanCxpi5EqGh8yh1AkGpm6bVUa7RQNydA38KzbhNu

Donate Polkadot to this address

Scan the QR code or copy the address below into your wallet to send some Polkadot

Scan to Donate Binance coin to bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23

Donate Binance coin to this address

Scan the QR code or copy the address below into your wallet to send some Binance coin

Tag/Note:- 105346725
Scan to Donate Dogecoin to DKN9sscVgSBVyG7f9PYJq2D3BhWK5ffUmK

Donate Dogecoin to this address

Scan the QR code or copy the address below into your wallet to send some Dogecoin


Credit: Source Link

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
WP Twitter Auto Publish Powered By : XYZScripts.com