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Home Cryptocurrency

NY Assembly Holds Hearings on Cryptocurrency Mining

by Crypto News
October 28, 2021
in Cryptocurrency
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NY Assembly Holds Hearings on Cryptocurrency Mining
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VESTAL, NY (WSKG) — Concerns over cryptocurrency mining’s environmental impacts have been back in the state Assembly Wednesday.

Lawmakers convened a number of panels of activists, coverage consultants, native officers and labor representatives to debate their interpretation of the potential impacts cryptocurrency mining could have on the state’s local weather objectives below the Local weather Management and Neighborhood Safety Act (CLCPA).

A view of the Greenidge Generation plant with steam billowing from one of two cooling towers

The Greenidge Technology plant in Torrey, NY. (Vaughn Golden/WSKG)

“Is it or is it not an power hog. Whether it is, if it’s undermining our local weather objectives then we have to take a extremely, actually cautious take a look at it, together with saying no,” Russ Haven, legislative counsel for New York Public Curiosity Analysis Group advised lawmakers.

Final yr, Assemblymember Anna Kelles (D-125) introduced legislation that may’ve positioned a brief moratorium on cryptocurrency mining. The push was largely in response to plans by Greenidge Technology, a pure gasoline burning energy plant alongside Seneca Lake in Yates County, which received approval to increase its Bitcoin mining capability earlier this yr.

Kelles’ push met resistance from the Worldwide Brotherhood of Electrical Employees (IBEW) within the last days of final session and the invoice was by no means taken up on the Meeting flooring.

“I feel a moratorium would ship a chilling impact by means of the economic system and halt financial improvement all throughout the state,” Addie Jenne, a lobbyist for the IBEW and former Assemblymember, testified in Wednesday’s listening to.

Earlier this month, representatives from the IBEW spoke throughout a public hearing with the DEC over renewal of Greenidge’s Title V air permit successfully indicating their continued help of cryptocurrency mining.

{The electrical} employees union’s opposition could pose a roadblock to environmental teams and others pushing laws for the moratorium.

“There’s so significantly better issues we will do with the employees and the workforce in western New York and in constructing a motion, a motion, however with all to battle the power disaster,” Fred Pfeiffer, a retired union organizer testified alongside Jenne.

Representatives of a number of environmental advocacy teams like Meals and Water Watch, EarthJustice and the Sierra Membership additionally testified Wednesday.

Yvonne Taylor talking at a protest in opposition to Greenidge in April. (Vaughn Golden/WSKG)

They included Yvonne Taylor, Vice President of Seneca Lake Guardian. Taylor held a press convention forward of the listening to responding to letters sent to her by Greenidge, which she deemed a authorized risk.

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Dale Irwin, CEO of Greenidge Technology CEO, wrote in one of many letters: “Your persevering with effort, against this, to deliberately deceive the general public by outright mendacity about our firm’s operation, its compliance with the regulation and the wonderful individuals who work at our firm is not acceptable. Ought to it proceed, we’ll discover pursuit of any and all authorized cures accessible to our firm.” 

Greenidge Technology CEO Dale Irwin speaks with reporters after the plant’s Bitcoin mining growth was authorized. (Vaughn Golden/WSKG)

Taylor stated she, and a second activist who additionally obtained the letters, has retained authorized counsel, however doesn’t intend to alter how she speaks about her opposition to the plant.

“There’s no change wanted,” Taylor stated. “We’re talking the reality. We’re talking about our considerations to the surroundings and our neighborhood and there’s nothing that Greenidge can do to stifle that free speech.”

In response to an inquiry by WSKG, a spokesperson for Greenidge wrote in a statement that the corporate “isn’t pursuing any litigation and, as these letters clarify, isn’t searching for to forestall anybody from sharing their place.”





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