New York State Slings Arrow At Bitcoin Mining

This is an opinion editorial by Rick Mulvey, author of The Fraud Within and contributor to Bitcoin Magazine.

New York State’s Department of Environmental Conservation dealt another blow to the upstate Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin.

Greenidge stated that the decision, announced on Thursday, to deny them a new “Title V” Air Emissions permit will “not have any impact on our current operations.”

The firm, located in New York’s Finger Lakes region, said it will continue to operate its natural gas-fired plant as it appeals DEC’s decision. In a statement, the company said “We can continue running uninterrupted under our existing Title V air permit, which is still in effect, for as long as it takes to successfully challenge this arbitrary and capricious decision.” The company stated its intention to pursue legal actions if their appeal is not successful.

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