crypto mining

The massive energy needs of crypto mining is raising concern over climate emissions if the power is generated by fossil fuels. Cornell professor Fengqi You is researching impacts and ways to make it more sustainable

The massive computer banks needed to run cryptocurrency algorithms, cryptomining, use huge amounts of electricity. Energy Engineers seek alternatives, even as environmental groups oppose the technology.

The legislation only prevents the opening of new operations.

The environmental conservation agency said emissions from the Greenidge Generation Facility's Bitcoin mining operation conflicts with the state's climate plan.

The bill imposes a moratorium on new and renewed permits at fossil fuel-burning plants for a type of crypto mining known as proof-of-work. The process to create bitcoin relies on large amounts of energy.

Gov. Hochul was criticized by environmental activists for delaying her decision to renew air pollution permits for the Greenidge crypto mining facility.

The Greenridge plant, located on Seneca Lake, is facing calls to shut down.