A controversial bitcoin mining operation on the largest of central New York's Finger Lakes does not meet the requirements of state climate laws, New York’s Department of Environmental Conservation ruled Thursday, denying an air permit request the entity’s owner, Greenidge Generation LLC., made in March 2021.
Renewing the air permit for the Greenidge facility on Seneca Lake “would be inconsistent with or would interfere with the attainment of statewide greenhouse gas emission limits,” the Department of Environmental Conservation, or DEC, said in its ruling. It added that the company, which burns natural gas at its plant, has “failed to demonstrate that the continued operation of the facility is justified notwithstanding this inconsistency, as it has not provided any electric system reliability or other ongoing need for the facility.”
Greenhouse gas emissions from the plant have increased “dramatically” since a previous permit was issued to Greenidge in 2016 and after the 2019...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...