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Why environmentalists are fighting Bitcoin miners
14 May 2021
Avi Asher-Schapiro,
Reuters
In mid-April, nearly 150 local environmentalists marched to the gates of Greenidge Generation, a Bitcoin mining facility in upstate New York, in a last-ditch effort to block its expansion.
Their objection: that the creation of the cryptocurrency, an energy-intensive process in which computers compete to solve mathematical puzzles, may harm efforts to limit global warming. Three days later, the planning board in the small town of Torrey voted 4-1 to allow Greenidge Generation to more than double the number of machines it has mining Bitcoin .
“Everything we want to do to fight climate change could be erased,” Yvonne Taylor, one of the march’s leaders, told the Thomson Reuters Foundation.
8 Min Read
LOS ANGELES (Thomson Reuters Foundation) - In mid-April, nearly 150 local environmentalists marched to the gates of Greenidge Generation, a bitcoin mining facility in upstate New York, in a last-ditch effort to block its expansion.
FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic
Their objection: that the creation of the cryptocurrency, an energy-intensive process in which computers compete to solve mathematical puzzles, may harm efforts to limit global warming.
Three days later, the planning board in the small town of Torrey voted 4-1 to allow Greenidge Generation to more than double the number of machines it has mining bitcoin.
FEATURE-U.S. small towns take on energy-guzzling bitcoin miners Reuters 2 hrs ago Bitcoin miners clash with environment groups in the U.S.
Popular Searches Montana town becomes first to regulate crypto climate impact
By Avi Asher-Schapiro
LOS ANGELES, May 13 (Thomson Reuters Foundation) - In mid-April, nearly 150 local environmentalists marched to the gates of Greenidge Generation, a bitcoin mining facility in upstate New York, in a last-ditch effort to block its expansion.
Their objection: that the creation of the cryptocurrency, an energy-intensive process in which computers compete to solve mathematical puzzles, may harm efforts to limit global warming.
Three days later, the planning board in the small town of Torrey voted 4-1 to allow Greenidge Generation to more than double the number of machines it has mining bitcoin.
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