the company argues it s greener than bitcoin mines that use coal in the us and china and that they offset their emissions. but they re still pumping out carbon dioxide to make a cryptocurrency. i spoke to greenidge s chief executive, jeff kirt. some people would think it s absurd but at a time when a lot of people are trying to cut down on their carbon emissions, there s a plant that uses fossilfuels to mind bitcoin. well, i mean, first and foremost, we are 100% carbon neutral in our bitcoin mining operation. we re the first and the only bitcoin mining company that has made that announcement. but you re still putting fossil fuels into the air. you might be offsetting them, but you are still putting fossil fuels into the air. you wouldn t need to offset them if this didn t. right. this is a gas plant and, you know, approximately 50% of the grid in new york state is powered by natural gas.
The Environmental Conservation Committee of the New York State Assembly has voted to approve legislation that would establish a moratorium on proof-of-work authentication methods for blockchain crypto
/PRNewswire/ FinancialNewsMedia.com News Commentary - The Cryptocurrency mining market has been growing substantially over the past several years and is.
PALM BEACH, Fla., Oct. 19, 2021 /PRNewswire/ FinancialNewsMedia.com News Commentary - The Cryptocurrency mining market has been growing substantially over the past several years and is projected
OLB Group announces Launch of Bitcoin Mining Operation with Initial 100 Antminer S19j Pro Cryptocurrency Asic Miners in Zero Carbon Data Center mobilitytechzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mobilitytechzone.com Daily Mail and Mail on Sunday newspapers.