VESTAL, NY (WSKG) — Concerns over cryptocurrency mining’s environmental impacts were back in the state Assembly Wednesday.
Lawmakers convened several panels of activists, policy experts, local officials and labor representatives to discuss their interpretation of the potential impacts cryptocurrency mining may have on the state’s climate goals under the Climate Leadership and Community Protection Act (CLCPA).
“Is it or is it not an energy hog. If it is, if it’s undermining our climate goals then we need to take a really, really careful look at it, including saying no,” Russ Haven, legislative counsel for New York Public Interest Research Group told lawmakers.
Last year, Assemblymember Anna Kelles (D-125) introduced legislation that would’ve placed a temporary moratorium on cryptocurrency mining. The push was largely in reaction to plans by Greenidge Generation, a natural gas burning power plant along Seneca Lake in Yates County, which received approval to expand its Bitcoin mining