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.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
#powerplant #ny #bitcoin
Power Plant Using More Electricity For Bitcoin Mining Denied Air Permit