Power Plant Using More Electricity For Bitcoin Mining Denied Air Permit - NBC News

[TexasTowelie]

New York authorities are cracking down on crypto mining, denying an air permit for a power plant they say generates electricity mainly for mining bitcoin. The state cited concerns about climate change amid a community outcry. Last June, NBC News looked at the Greenidge Generation Plant on Seneca lake, which was closed permanently but resurrected six years later by a private equity firm installing thousands of power-guzzling computer servers mining bitcoin. New York authorities cracked down on crypto mining, denying an air permit for the power plant. Governor Hochul now faces the critical decision on whether to sign the nation’s first partial moratorium on new crypto mining powered by fossil fuels

[Shermann]

1. Blockchain is insane

We're running entire power plants just to solve arbitrary puzzles to meet the blockchain proof of work requirement and generate tiny amounts of data with zero intrinsic value. This is insane.

The EPA should be able to intervene in this case. Oh wait, never mind...

[Crowman2009]

2. I can't wait for crypto to crash even further.

Then we'll be finished with this BS.