BTC Miner Greenidge Power Plant Permit Gets Delayed

The BTC Miner Greenidge power plant permit for New York State got delayed and the decision by the State’s Department of Environmental Conservation will come by the end of March as we can see more in today’s latest Bitcoin news.

The New York State Department of Environmental Conservation delayed the decision whether it will allow the BTC Miner Greenidge to continue using its power plant in the town of Dresden for mining bitcoin. The decision is expected to come by March 31, two months later than planned but the delay will help NYSDX complete the review with public comments. The miner applied a year ago to renew its permits for the plant and it is the first time that it came up for renewable since it has been powering BTC mining operations.

Greenidge said due to high electricity demand that resulted from the cold weather, teh company curtailed its crypto mining operations, for now, to supply the electrical generation capacity to the New York Independent System Operator. US Senator Elizabeth Warren even questioned the environmental footprint of the Greenidge Generation BTC mining operations in New York and then she targeted six more miners questioning their energy usage.

As recently reported, The Texas Governor thinks that Bitcoin mining could incentivize power production which will stabilize the Texas grid. Other jurisdictions outlawed BTC miners for placing added stress on their grids. Abbott made a concentrated effort to bring the crypto industry to his state and besides seeing it as lucrative, he thinks the growth of BTC miners will help stabilize the Texas electricity grid that struggled to keep up with the demand.

Bitcoin mining has often been criticized for being energy-intensive and many argued that it isn’t worth the environmental cost. However, a huge number of Texas politicians like Ted Cruz and Steve Adler, see for a solution in other energy-related issues. This includes Abbott who hopes that by drawing BTC mining to state and power providers will step up to build more infrastructure that will benefit everyone. The voters in the state disapproved of the handling of the Texas electrical grid that has been often unable to provide enough power during peak times. Last winter, power outages were massive during a harsh storm whcih contributed to a few hundred deaths in the state.

Source: https://www.dcforecasts.com/bitcoin-news/btc-miner-greenidge-power-plant-permit-gets-delayed/