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Bitcoin halving is a fundamental event in the operation of the Bitcoin network, encoded in its software as a built-in monetary policy designed to control inflation and preserve the scarcity of the cryptocurrency. ....
But now, officials are trying to shut it down over climate change concerns josh lederman reports. reporter: tonight, new york authorities an air permit for a power plant they say generates electricity mainly for mining bitcoin. the state citing concerns about climate change amid a community outcry we hope that this is the start of a domino effect across the country. reporter: last june, nbc news got an exclusive look at the greenwich generation plant on seneca lake the plant closed permanently in 2011 but was resurrected six years later by a private equity firm that installed thousands of power-guzzling servers mining bitcoin the gas-fired turbines cooled by lake water from this pipeline that extends deep into seneca lake. the plant s been operating for 80 years and the environmental impact of the plant has never been better than it is right now. reporter: but new york authorities saying this week the plant s emissions have increased drastically over the past few years, drive ....
Electricity they generate now goes towards mining bitcoin. up next trying to explain the process that local leaders try to wrap their heads around. we understand growing fruit and you see it progress. you don t see the bitcoin. we have to be able to repair the enamel on a daily basis. with pronamel repair toothpaste, we can help actively repair enamel in its weaken state. it s innovative. my go to toothpaste is going to be pronamerepair. so, people can get a free samsung galaxy s22 when they trade in a galaxy, any year any condition. oh i get it. so you can take your old phone, that you ve had for 12 years and loved every minute of, and trade it in for something new that suits your life now? that s right, yeah. and then enjoy immediate success, even though you ll never forget your old phone. ....