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Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium – Mining Bitcoin News


The governor of New York state, Kathy Hochul, has been urged by a bunch of native corporations to deny enterprise permits to bitcoin miners. The letter particularly asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter additionally requires the New York authorities to assess “proof-of-work” (PoW) digital forex mining in the state because the native companies consider PoW mining “drastically undermines New York’s climate goals.”

Local Businesses From New York Urge Governor Kathy Hochul to Impose a Statewide Bitcoin Mining Moratorium

Climate change is an enormous deal to quite a few native companies in the state of New York as a big coalition of corporations has urged governor Kathy Hochul to deny bitcoin mining permits. The coalition’s letter is backed by companies and organizations equivalent to Seatuck Environmental Association, Ravines Wine Cellars, Peconic Baykeeper, Nassau Hiking & Outdoor Club, NYPAN Environmental Committee, Mothers Out Front New York, and New Yorkers for Clean Power.

“We, the undersigned organizations, businesses, and labor groups, write today to urge your administration to issue a statewide moratorium on proof-of-work (PoW) cryptocurrency mining until a thorough statewide Generic Environmental Impact Statement (GEIS) is conducted, and to deny the permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility,” the letter states. The letter, printed to earthjustice.org on October 13, provides:

“These ‘mining’ activities, particularly 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.”

New York’s Bumpy Relationship With Bitcoin Mining

The state of New York (NY) is not any stranger to such controversies over bitcoin mining as debate over the topic has raged on for just a few years now. In 2018, quite a few counties in NY, just like the Plattsburgh Common Council, passed new tips for miners that aimed to management noise and hearth security rules. Despite the stricter guidelines in particular areas, bitcoin miners have been flocking to NY over the past two years. Meanwhile, as miners entered the New York market, operations began getting complaints from native neighbors and NY politicians.

In December 2020, an environmental group known as Sierra Club, a committee geared toward preserving the Finger Lakes area, filed a lawsuit in opposition to the NY city of Torrey for permitting the Greenidge Generation energy plant to increase its mining operations. Sierra Club requested the city of Torrey and the Torrey Planning Board to block the development with an injunction. Senator Kevin Parker (D) believes bitcoin miners ought to halt operations over local weather change issues as properly.

In May 2021, senator Parker introduced legislation to deal with these issues as he defined that bitcoin mining “threatens not only New York’s climate goals, under the CLCPA, but also global energy policy, such as the Paris Agreement.”

Parker’s invoice aimed to impose a moratorium on the operation of cryptocurrency mining facilities till the NY authorities might full an evaluation of the environmental impression. If the moratorium was imposed, bitcoin mining operations that might show the enterprise doesn’t “adversely affect the state greenhouse gas emission targets in the climate leadership and community protection act of 2019,” might function legally below NY regulation.

Letter Stresses ‘Climate Crisis in New York Is Here Now’

The current letter to NY governor Kathy Hochul says that bitcoin mining services are threatening the state’s advances towards addressing local weather change.

“In New York, data mining operations using warehouses full of computers have set up shop in upstate areas siphoning electricity from New York’s grid, ‘re-powering’ defunct fossil-fueled power plants, thus seriously jeopardizing the state’s progress on and meeting mandates for reducing greenhouse gas (GHG) emissions,” the letter emphasizes.

The letter stresses that the group of native companies need governor Hochul to act now. The letter concludes:

“As you have witnessed in your early weeks on the job, the climate crisis in New York is here now. New York City recently saw unprecedented flooding that led to the loss of lives – strong climate action is needed now more than ever. We urge you to lead the way and set a national precedent on the issue of proof-of-work cryptocurrency by issuing a statewide moratorium and denying the permits for Greenidge and Fortistar. Thank you for your time and consideration of our comments.”

What do you consider the letter to NY governor Kathy Hochul that wishes a statewide moratorium positioned on bitcoin mining operations in New York? Let us know what you consider this topic in the feedback part under.

Tags in this story
Bitcoin, Bitcoin (BTC), Bitcoin mining, BTC Mining, climate change, climate crisis, Democrats, Fortistar, GHG emissions, Greenidge, Kathy Hochul, moratorium, Nassau Hiking & Outdoor Club, new york, New York Bitcoin Mining, NY governor, Peconic Baykeeper, PoW, Proof of Work, Ravines Wine Cellars, Seatuck Environmental Association, senator Kevin Parker, statewide moratorium

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