A group of local companies has asked New York Gov. Katie Hochhol to deny permission to convert the city’s old fossil-fuel power plants into digital mining hubs. The application comes in the form of a letter signed by a number of organizations, companies and business groups.
The letter calls for an environmental review of crypto mining in New York for proof of work and urges Governor Hochhol to deny permits to convert the Greenage production plant and power plants in Fortestar North Tonawanda to crypto mining:
“Proof of Work crypto-mining uses huge amounts of energy to power the computers needed to run businesses — if this activity expands in New York, it could significantly undermine New York’s climate goals set by the Climate Management and Protection Act.” Society”.
The proposal highlights the inefficiency of proof-of-work certification and suggests that rebuilding vacant fossil fuel power plants “will jeopardize the country’s progress and greenhouse gas (GHG) emissions.”
The two companies also quoted New York State Commissioner Basil Segos, of the Department of Environmental Protection, as saying that “Greenedge has not demonstrated compliance with New York City’s climate laws.”
Noting the need for a full environmental assessment of greenhouse gas emissions, the letter calls on the Khokhol administration to deny V-air permits for two fossil-fuel-powered plants.
On the topic: Russia is considering new electricity tariffs in connection with the relocation of Chinese miners
On the other side of the world, the Russian authorities are planning to impose special electricity tariffs on Chinese miners who have recently been exposed to cryptocurrency.
On October 13, Russian Energy Minister Nikolai Shulginov proposed a new energy consumption structure to differentiate tariffs between normal use and cryptocurrency mining, with the following statement:
“We cannot allow miners to take advantage of the situation with low electricity taxes for residents.”
Bitcoin (BTC) energy consumption will remain less than 0.5% of global consumption over the next decade, according to a study by the New York Digital Investment Group (NYDIG). The study also notes that Bitcoin’s carbon footprint will be affected by Bitcoin price fluctuations, mining problems, and energy consumption.