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Crypto mining moratorium bill targets big energy users; Renaissance hedge fund set to own stake in Greenidge

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Peter is the creator and editor of The Water Front Online, the region’s only news organization dedicated to environmental issues in the Finger Lakes and Upstate New York. Have a tip? Send it to [email protected].
This article first appeared in New York Focus, a website that features investigative reporting on New York State issues.
Following a surge in power-hungry Bitcoin mining that set environmentalists scrambling, New York lawmakers have introduced multiple bills regulating cryptocurrencies late this legislative session.
Anna Kelles (D-Ithaca), a first-term Assemblymember from the Finger Lakes, is leading the charge with her push for a three-year state moratorium on energy-intensive digital asset mining. ....

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Bitcoin miners scout for site in Watkins Glen; Canadian bitcoin miner buys power plant near Buffalo

Fingerlakes1.com
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Peter is the creator and editor of The Water Front Online, the region’s only news organization dedicated to environmental issues in the Finger Lakes and Upstate New York. Have a tip? Send it to [email protected].
Bitcoin mining interests have called Watkins Glen officials in recent weeks to explore the possibility of setting up a cryptocurrency processing operation within the village to take advantage of its cheap electric rates.
The village enjoys a monthly allocation of about 6 megawatts of hydroelectric power that costs residents only about 4 cents per kilowatt, well under half the rate NYSEG charges. ....

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