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Background on Greenidge Generation
Greenidge is an old coal power plant with an already bad environmental history. It was converted to a gas-fired plant for use as a “peaker plant”- to be used only when excess energy was needed by the grid, and not run continually.
Now, its out of state owners at Atlas Holdings want to expand operations by proposing an increase of 700% from historical use for a privately owned bitcoin operation which would consume enough power to fuel more than 90,000 homes.
That’s bigger than 2 of Amazon’s immense data centers; all so millionaire Private Equity guys in Connecticut can generate 5 bitcoins per day.
Greenidge is using a 67-year old steam turbine that operates at 35% efficiency and should have been retired decades ago (by comparison modern turbines operate at 65% efficiency).
As you may have heard, the State Assembly passed a bill that would place a 2-year moratorium on crypto mining in fossil fuel plants while a full Environmental Impact Study is completed to […]Read More
Happy New Year! So thankful for each of you and all we are collectively doing to help educate our community locally and really nationally. Proof of Work Cryptocurrency mining is squarely […]Read More