Several New York businesses have appealed to the state governor Kathy Hochul not to allow crypto mining companies to convert old fossil-fuel power plants into mining centers.
The idea was floated several months ago and the latest move to block it comes from a number of labor groups, organizations and local businesses.
Opponents believe that the proof-of-work (PoW) concept used in mining Bitcoin would ultimately have a negative impact on the state's environment.
Two crypto mining facilities are planned, Greenidge Generating Station and the Fortistar North Tonawanda, which are now attracting investment interest from crypto companies.
In a statement, those opposing the idea said: “Proof-of-Work cryptocurrency mining use enormous amounts of energy to power the computers needed to conduct business — should this activity expand in New York, it could drastically undermine New York’s climate goals established under the Climate Leadership and Community Protection Act.”
If these plants are turned into mining operations, the state will struggle with reducing greenhouse gas emissions, the opponent's lobby said.
Besides, Greenidge is not in compliance with the state's climate laws, as pointed out by NYS commission Basil Seggos who works at the Department of Environmental Conversation.